Over the past 24 hours, the cryptocurrency market has seen a small gain of 0.35 percent, reaching $2.53 trillion. In that time, Bitcoin's value increased by 0.7%, Ethereum's value remained relatively unchanged, and many altcoins experienced minor price fluctuations. Bitcoin seems to have found a temporary balance after remaining under the resistance of a descending corridor for 11 days, and it continues to hover there.
While altcoins are a bit more pessimistic. With no change from their 50-day moving averages for more than a week, Litecoin, Cardano, and XRP have all been trending downward. Evidently, the market is taking its time unloading former superstars. This makes sense in theory, but when applied to cryptocurrency, it implies that we haven't entered the "fear of missing out" phase, where all the names add up.
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