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Altcoins & DeFi

Can PEPE break $0.0000052 while the rest of the crypto market is falling?

Image: AMBCrypto

In the past 24 hours, Bitcoin [BTC] and Ethereum [ETH] have shed 1.87% and 5.27%, respectively. Following weakness in stock markets, particularly tech and AI, as well as a broader risk-off market sentiment, crypto has been negatively affected in recent weeks. Crypto rocked by traditional Futures market volatility More than $1 billion in leveraged positions across crypto have been wiped out in the past 24 hours due to a sharp sell-off in the stock market. The S&P 500 Futures showed $300 billion in market cap wiped out a minute after the market opened, and just six minutes later, the losses were reversed. Bitcoin slipped below the psychological $75k level as a result of the selling.

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