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The total market capitalization of the cryptocurrency market has dropped $1.16 trillion amid slowing market volatility.
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Compared to one year ago, the total crypto market cap is lower by 9.6%.
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The first potential scenario discussed by van de Poppe seems to have played out over the past day, as BTC’s price established its 24-hour low at $25,890.59.
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Since then, however, BTC recovered to trade at its press time level. This also enabled it to strengthen against its biggest competitor, Ethereum (ETH), during this time – outperforming the leading altcoin by 0.15%.
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At press time, BTC’s price remained below the key $27K mark according to CoinMarketCap, and traded at $26,252.95 after printing a 1.85% loss in the previous 24 hours.
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Bulls target the $8.50 resistance level in the APT price surge.
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