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Dogecoin and Ether Lead Crypto Market Pullback as Bulls Take a Breather

From coindesk.com

The crypto market slid in the past 24 hours as traders likely took profits after weeks of an uptrend. Ether and dogecoin led the slide among major tokens, falling more than 5%, Cardano's ADA and Polygon's MATIC dropped 4%, while bitcoin lost just 1.6%, CoinDesk data show. Such movements caused upward of $173 million in longs, or bets on higher token prices, to be liquidated. Ether futures saw $86 million in liquidations while traders of bitcoin futures lost $46 million, per data source Coinglass. Outside of majors, avalanche (AVAX) fell 7.7% while lido (LDO) dropped over 10%, ending a multi-week bump that saw the ... (full story)

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  • Category: Fundamental Analysis