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✍️Crypto Market Updates📥 Crypto Market Updates The cryptocurrency market has been experiencing volatility, with Bitcoin and Ethereum seeing price fluctuations and significant outflows from ETFs. Bitcoin (BTC): After reaching a record high of $124,000 last week, Bitcoin has since pulled back, trading around $113,000-$114,000. The price drop has been attributed to a mix of factors including inflation concerns, a probe by the US SEC, and broader weakness in equity markets. Some analysts suggest that despite the recent pressure, resilient technical support levels may prevent BTC from falling below $100,000. Ethereum (ETH): Ethereum has also seen a decline from its recent highs, though it has shown a modest recovery recently, trading around $4,300. ETH ETFs, along with Bitcoin ETFs, have experienced significant outflows. Market Trends: The overall crypto market capitalization has seen a slight decrease. There has been a notable increase in "fear" in the market, as indicated by the Crypto Fear & Greed Index dropping into that category for the first time in weeks. Some altcoins have seen gains, with OKB, Api3, and Band Protocol among the top performers. A recent survey also indicates that a majority of dual-asset investors believe cryptocurrencies will outperform stocks in the next decade #CryptoRally #BNBATH880
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Latest News
Deutsche Bank Predicts Federal Reserve Rate Cuts in September and December
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Bitcoin(BTC) Surpasses 117,000 USDT with a 3.67% Increase in 24 Hours
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Ethereum Foundation Unveils Protocol Update on Distributed Storage Architecture
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