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Crypto Price Today: 8 Latest Crypto News

Crypto Price Today: Bitcoin Declines by 1.20%; Near Protocol Tops the Chart

Crypto Price Today: the crypto market showed diverse trends. Bitcoin slightly declined by 1.20%, trading at $42,557, while Near Protocol emerged as a top gainer. Ethereum also fell by 1.75%. Other notable movements included Binance Coin’s gain and drops in Ripple, Solana, Cardano, Avalanche, and Dogecoin prices.

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Analyst expects fall in Cardano price

A cryptocurrency analyst noted Cardano’s (ADA) recent upward price trend but remains skeptical about its sustainability. Despite a green candle indicating short-term growth, the analyst sees no evidence of a lasting uptrend. They outline two scenarios: a short-term bullish ABC pattern or a bearish WXY pattern, both suggesting potential future declines.

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First Mover Americas: Altcoins Rally as Bitcoin Climbs Back to $43K

On Tuesday, altcoins saw significant gains, with NEAR Protocol climbing 15%, and Avalanche and Solana each adding 8%. Meanwhile, Bitcoin rose about 5%, rebounding from a low of $40,000 to trade around $43,000. Market attention is on potential movements beyond $45,000, influenced by news and equity market trends.

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Injective’s INJ Year-to-Date Gain Rises to 3,000% After Latest Jump

Injective (INJ) soared to a record $39.15, marking a 3,000% increase in 2023. The token’s 28% rise in 24 hours aligns with expectations of an altcoin rally, spurred by Solana’s growth. Injective, a Cosmos-based blockchain integrating AI with DeFi, has seen significant trading volume, despite modest total value locked.

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Cryptocurrencies Price Prediction: Injective, Bitcoin & Crypto – European Wrap 19 December

Bitcoin’s price rally towards $45,000 seems more likely following recent updates in Spot Bitcoin ETF applications, notably BlackRock’s amended application. Bitcoin’s recovery is evident with its current price at $42,965 on Binance. This upswing coincides with a 3.5% increase in crypto market capitalization, influenced by US stock indices’ performance.

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Injective, Fetch.ai, and Meme Moguls riding the Santa Rally

The holiday season brings the “Santa Rally” in the crypto market, with notable surges in digital assets like Injective Protocol (INJ), Fetch.ai, and various meme-based coins. Injective Protocol leads this trend, trading at $32.26, up 25.79%, driven by its focus on DeFi, interoperability, and user governance.

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WazirX volume falls off a cliff amid India’s crypto scrutiny

In 2023, WazirX, a prominent Indian crypto exchange, saw a steep 90% drop in trading volume to $1 billion, influenced by heightened regulatory pressure in India and a global downturn in digital asset prices. This decline reflects India’s stringent crypto taxation and the resulting shift of traders to foreign platforms.

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Crypto Price Today: Losses Strike Bitcoin, Ether Among Majority Altcoins as Crypto Volatility Hits Peak

On December 20, the crypto market turned red with most cryptocurrencies, including Bitcoin, experiencing losses. Bitcoin saw a modest 0.66% drop, trading at $42,064. Ethereum also declined by 1.23%. Despite these dips, the market remains in a state of ‘extreme greed’, with anticipation of institutional investment driving future growth expectations.

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