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Altcoins slide to begin the week while bitcoin and ether stabilize
The crypto market was lower to start the week after bitcoin posted its worst week since May. Bitcoin itself was flat at the $26,000 mark, according to Coin Metrics. Last week it lost 11% thanks to a sharp decline that began Wednesday afternoon. Altcoins were making bigger moves to the downside on Monday, however. Ripple’s XRP slid nearly 5%. Coins tied to Ethereum competitors Solana , Polygon and Cardano lost about 3% each. DeFi tokens fell also. The Cosmos token lost more than 3% and Uniswap’s coin was lower by 2%. “External pressure in China is likely the biggest driver to the sell-offs,” said Chris Martin, ... (full story)