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Avalanche (AVAX) Defies Bearish Crypto Market with 2% Increase

From fxleaders.com

Bitcoin (BTC), Ethereum (ETH), and many other crypto coins fell more than 2% on Monday as fighting continued in the Middle East between the United States and Iran. The conflict added pressure to an already bearish cryptocurrency market and put leading coins into dangerous positions. Avalanche broke the mold, however, and pushed back against trends with a 1.93% increase. Why is Avalanche climbing when practically all other crypto coins are falling? The answer is that the stablecoin supply suddenly jumped, moving up by 48% over a period of one week. This tells us that upward pressure is incredible and investor interest ... (full story)

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  • Category: Fundamental Analysis