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The chop continues as cryptos trade sideways, Bitcoin holds $26,500

From kitco.com

It was another day of sideways price action in the cryptocurrency market on Thursday as U.S. lawmakers inched closer to a compromise on the debt ceiling but ultimately entered the long Memorial Day weekend without a deal. On Wednesday night Fitch warned it might downgrade the United States' AAA credit rating, the first notable consequence of the stalled negotiations. Despite this development, two of the three major stock market indices trended higher on the day, in part due to a surge in the price of Nvidia (NVDA), which helped bolster the Nasdaq. At the close of markets, the S&P and Nasdaq finished in the green, up ... (full story)

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