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Dec 7, 2023
Despite low volatility, Bitcoin stands resilient above $43,000, but signs of a potential correction emerge as RSI indicates overpricing.
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Ethereum exhibits better volatility than Bitcoin, with a slight dip followed by a green corrective candlestick, hinting at a possible break above its previous high of $2,315.
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Axie Infinity's gaming token, SLP, rallies nearly 30% after breaking above $0.00205, securing the second-best performing spot on Binance.
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Despite a significant sell-off triggered by a Bitcoin core developer's tweet, ORDI rebounds more than 5%, reaching $55.6 from its dip to $40.
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After a strong 90% rally, Cardano faces resistance and hints at a potential breakout, with a possible target of $0.593, making it a candidate for one of the biggest breakouts this year.
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The overall market cap reaches $1.6 trillion, with bears putting up a fight, but bulls maintaining control and keeping most of the market in the green.
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Liquidation rates remain severe at $162 million in the last day, reflecting the ongoing battle between bears and bulls in the crypto market.
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