The Crypto Report: Ethereum fails to sustain support while Bitcoin sees moderate losses


  • 1 year ago
  • Ethereum
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Ethereum seems unable to break through the key US$1,300 barrier, instead shedding another percent this Thursday morning, dragging its price down to US$1,280. Bitcoin�s price action is similarly trending down, albeit at a more modest 0.5%. Ripple (XRP) has taken another hit, this time with a 6.3% dive below US$0.46, spelling bad news for XRP fans hoping to maintain the US$0.50 support line. However, given XRP�s recent long-tail rally, the coin is still in a comparatively strong position in the altcoin space. Cardano (ADA) fell over 7% this morning, thus underperforming against the large-cap altcoin set, while Polygon (MATIC) also shed more than 6% of its market capitalisation. In the decentralised finance (DeFi) space, Uniswap is struggling to reverse the bear rally it has been experiencing in October. The US$4.3bn decentralised exchange fell nearly 8% in the past 24 hours. Uniswap is not alone though; other DeFi tokens are similarly trending downwards, with Lido DAO dropping over 10%
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Ethereum

Ethereum is a technology for building apps and organizations, holding assets, transacting ...

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0,000000000

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0

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12,232,526,250
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