TL;DR
BTC tumbled by 6% weekly, impacted by a broader market correction but buoyed by long-term bullish indicators like the halving event.
SHIB’s price drops, but the ecosystem thrives with milestones like Shibarium’s growth and high trading volumes on exchanges.
Ripple anticipates a key trial with the SEC, potentially influencing its price and the wider crypto market’s dynamics.
BTC ‘Struggles’ Below $70K
The cryptocurrency market recently entered into a state of correction, with Bitcoin (BTC) being one of the severely affected digital assets. Its price is down around 6% on a seven-day scale, currently trading around $65,400 (per CoinGecko’s data).
One factor contributing to BTC’s enhanced volatility as of late and its declining valuation could be the profit-taking coming from long-term holders. Earlier this week, CryptoPotato reported that many such investors used the asset’s price ascent above $73K to cash out some of their positions.
Despite the ongoing negativ
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