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Home ยป Bitcoin and alternative cryptocurrencies experience temporary downward pressure
Cryptocurrency

Bitcoin and alternative cryptocurrencies experience temporary downward pressure

By adminMay. 15, 2024No Comments1 Min Read
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Bitcoin and alternative cryptocurrencies experience temporary downward pressure
Bitcoin and alternative cryptocurrencies experience temporary downward pressure
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In the realm of digital currencies, Bitcoin (BTC) and alternative coins are currently experiencing a brief period of market decline. The pullback that followed the halving event appears to be coming to an end, signaling a potential onset of a longer consolidation period during the summer months. As a result, the altcoin market is generally showing a downward trend. It is worth noting that certain sectors, such as meme coins, may demonstrate opposing movements. Nevertheless, the overall trend observed last month was predominantly downward.

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