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Bitcoin Trades Sideways, Ethereum Outperforms, Shiba Inu Loses Shine: The Week In Retrospect

Published by
Benzinga

Major cryptocurrencies traded flat until late Friday evening but began recovering some losses during the weekend. The crypto market cap is crawling back towards the uptrend with a current 1.2% growth to $1.98 trillion in past 24 hours. What Happened: Bitcoin (CRYPTO: BTC) traded mostly sideways over the past week, briefly testing its support level of $50,800 and pushing the valuation below the $1 trillion mark. Analysts viewed this resistance level as crucial, with potential significant price reactions upon breakout. In other developments, Shiba Inu (CRYPTO: SHIB) remained in the spotlight due…

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