Today, the cryptocurrency market saw some notable moves:
1. Bitcoin: It continues to maintain its high level, but it is struggling to break the $100,000 barrier. However, analysts expect volatility to continue as the Bitcoin halving event approaches, which could impact altcoins and memecoins.
2. Ethereum: It stabilized at around $3,162, amid increasing interest in leveraged buys, reflecting expectations of further growth.
3. Altcoins: Akash Network (AKT) saw a 46% increase, and Zebec Protocol (ZBC) saw a 41% increase. Toncoin (TON) topped the losers’ list with a 9% decline.
4. Liquidation of financial positions: $1.7 billion worth of leveraged positions were liquidated in the past 24 hours due to market volatility, indicating a major correction phase.
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