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Crypto: short-term rebound within medium-term decline

From fxpro.news

The crypto market cap continues to decline, losing nearly 2% over the past 24 hours to $3.47 trillion. Thus, the market remains within the downward trend that formed just over a month ago. Within this trend, there is potential for a decline to the next local lows of around 9%, and the market could rush towards the $3.2 trillion mark in the coming days. The sentiment index at 24 remains on the border between fear and extreme fear. As in the spring, it will take a long time for sentiment to reverse. Since the end of September, Bitcoin has been regaining its share of the crypto market, which was lost in July. Bitcoin ... (full story)

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  • Category: Technical Analysis