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Bitcoin’s alarming lag
On Wednesday, the crypto market capitalisation hovered around $3.9 trillion, having corrected slightly from its peak the day before. Among the top coins, declines prevailed over the past day, with the exceptions of Solana (+1%) and Avalanche (+3%). Bitcoin continues to attract buyers on intraday dips, forming a smooth and rather fragile uptrend, shifting the main battle between bulls and bears to the $112K level against $111K a few days earlier. Still, the real test for the bulls looks to be the $115K level, just above the 50-day moving average. The ability to stay above it will be an important signal of a return to ... (full story)