Bitcoin Plunges to 10-Day Low at $60K: All Top 50 Coins In Red (Market Watch)

The bears returned in the cryptocurrency space as bitcoin dumped by more than $6,000 in hours. The altcoins are also deep in red, with ETH, DOT, LUNA, and LTC dropping by double-digit percentages in a day.

Bitcoin Drops to a 10-Day Low

It was less than a week ago when the primary cryptocurrency was riding high and touched $69,000 for its latest ATH record. As the community wondered if it had the strength to continue upwards and tap $70,000, the landscape changed.

BTC plunged to $63,000 hours later, bounced off to $65,000, and headed south once again in the following few days. Yesterday, though, seemed significantly more promising as bitcoin surged above $66,000.

This recovery session was also short-lived, however. In the following several hours, the asset started to lose value rapidly and dumped to just over $60,000 (on Bitstamp), which became the lowest price tag since November 6th.

Bitcoin’s market capitalization has dropped to $1.150 trillion – meaning a $100 billion decline in just a day.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts See Nothing but Red

As it typically happens when BTC drops hard, so have done the alternative coins. Ethereum is among the leaders in this adverse trend with a massive near 10% price dump. As a result, ETH currently trades below $4,300. The second-largest crypto also reached a new ATH last week at nearly $4,900.

Polkadot, Terra, Litecoin, Chainlink, and Bitcoin Cash have lost around 10% as well in the past 24 hours. Consequently, DOT is down to $42, Luna to $45, LTC is below $250, LINK is just over $30, and BCH sits below $620.

More losses come from Binance Coin, Solana, Cardano, Ripple, Dogecoin, and Avalanche. Interestingly, Shiba Inu has taken this correction rather well with “just” a 3.5% drop.

CRO (-16%) has lost the most in a day, followed by Kadena (-14%), Audius (-13%), NEAR Protocol (-13%), Chainlink (-12%), OMG Network (-12%), VeChain (-12%), Cosmos (-12%), The Graph (-12%), and many more.

As such, the cryptocurrency market capitalization is down by more than $200 billion in a day.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Cryptocurrency charts by TradingView.






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Bitcoin Touched $56,000: Shiba Inu (SHIB) Dumps 30% (Market Watch)

Following the past few days of impressive gains and new monthly highs, bitcoin’s price finally touched $56,000. Most alternative coins are somewhat stagnant in the same timeframe, with a few exceptions. The recent high-flyer Shiba Inu has dumped by roughly 30% in a day.

Bitcoin Touched $56K

It was approximately a week ago when bitcoin struggled below $45,000 after it had recovered from its latest price drop below $41,000. The situation quickly changed, though, as it frequently happens in the crypto market, as the asset began gradually increasing in value.

It shot up to $50,000 for the first time in a month and, after a few rejections, managed to overcome this level decisively. Unlike what happened in September, this time, BTC kept climbing.

This resulted in nearing $56,000 – the highest price tag since mid-May. While the possible reasons behind this impressive surge are still debated, it meant that the cryptocurrency had added 35% of value in about a week.

The bears tried to step up at this point and pushed bitcoin south to below $54,000. However, their attempts were for not. Instead of going down, bitcoin went on a roll again and touched $56,000 just minutes ago.




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Its market capitalization stands well above the coveted $1 trillion mark, while the dominance over the altcoins has slightly increased once again.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts Stall: Shiba Inu Dumps

The alternative coins followed their leader in its conquest to new monthly highs, but most have remained stagnant on a 24-hour scale.

Ethereum is among the most substantial gainers as it had dropped well below $3,000. As of now, though, ETH sits above $3,600, meaning a more than 20% increase in a week or so.

Cardano, Binance Coin, Ripple, Dogecoin, Uniswap, and Chainlink have all marked minor losses in the past 24 hours. On the other hand, Solana, Polkadot, and Avalanche are slightly in the green.

Terra has increased the most with a 7% surge to $47. Thus, LUNA is just inches away from charting a new all-time high.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

From the lower- and mid-cap altcoins, FTM is the most significant gainer, with a 30% increase after Nansen added support for the Fantom network. Mdex (21%), Bitcoin SV (18%), Harmony (12%), Yearn Finance (11%), Chiliz (11%), and Elrond (10%) follow.

In contrast, Shiba Inu has lost the most value in a day (-30%). This comes after a few days of consecutive gains and an untypically high futures trading volume.

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Cryptocurrency charts by TradingView.






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Bitcoin Dropped to 7-Week Low Beneath $40K Before Recovering (Market Watch)

Bitcoin’s price continued to suffer in the past 24 hours as the asset dumped below $40,000 for the first time since early August. Most altcoins also followed, with ETH standing beneath $3,000 and SOL dropping by more than 6%.

BTC’s Drop Below $40K

It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as BTC traded above $48,000 during the weekend.

However, the situation vigorously changed on Monday as the Evergrande saga took another turn. Bitcoin, as well as the global stock markets, started to dump in value.

In a matter of hours, BTC slumped from $48,000 to a daily low of $42,500. It attempted a rapid recovery, but the bears intercepted the move at around $44,000 and pushed it south once more.

This time, BTC dropped to just over $40,000. The scenario repeated once more, and bitcoin was stopped in its tracks at $43,000 yesterday. Another price fall transpired with bitcoin dumping all the way down to $39,600 (on Bitstamp). This became its lowest price level since August 5th.




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As of now, the cryptocurrency has recovered a few thousand dollars and stands above $42,000. However, its market capitalization is down to $800 billion after challenging the $1 trillion mark two weeks ago.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ETH Struggles Below $3K

The alternative coins have also suffered badly these days. Ethereum is among the most substantial losers. ETH had neared $3,700 last week but dropped all the way down to $2,650 hours ago. Despite bouncing off from this $1,000 price slump, the second-largest cryptocurrency still stands below $3,000 as of writing these lines.

Binance Coin, which peaked above $500 earlier in September, is now down to $360. Solana, among the most impressive performers in the past month or so, has dropped by another 6% and stands below $135. Polkadot (-4%), Terra (-1.5%), Uniswap (-5.5%), and Chainlink (-4%) are also well in the red.

Cardano, Ripple, and Dogecoin have stalled since yesterday, while Avalanche is the only larger-cap alt with impressive gains. AVAX is up by 4.5% in a day to $65.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


Further losses come from OMG Network, Celo, NEAR Protocol, Harmony, Audius, Cosmos, Fantom, Mina, SushiSwap, and more.

The cryptocurrency market cap is down below $1.8 trillion, meaning it has lost roughly $400 billion since the weekend high.

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Interactive Brokers and Paxos Launched Bitcoin Trading Services to Institutions

The American multinational brokerage firm – Interactive Brokers Group – allowed its clients to trade and custody four of the leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Its partner in the initiative is Paxos Trust Company.

IBKR Catching The Crypto Wave

According to a recent press release, the global brokerage organization – Interactive Brokers Group (Nasdaq: IBKR) has joined forces with the blockchain infrastructure platform – Paxos Trust Company – to launch digital asset services to its customers. The new product includes trading some of the largest cryptocurrencies by market capitalization. Namely, those are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

The trading commissions on Interactive Brokers range between 0.12% and 0.18% depending on monthly volume, as clients can make use of the new offering with a $1.75 minimum per order.

Milan Galik – Chief Executive Officer of the US brokerage firm – noted that the main reason to launch the digital asset service is the growing interest from institutional investors:

“In giving our clients access to cryptocurrency trading, we recognize the need to meet the growing investor demand to trade cryptocurrency alongside other asset classes in a convenient and low-cost way.”

In his turn, Charles Cascarilla – CEO and Co-Founder of Paxos – praised the collaboration with Interactive Brokers. He opined that the new crypto opportunity could turn to be highly beneficial to both parties’ clients:

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“Paxos provides the regulated blockchain infrastructure to ensure enterprises can enable crypto safely and with reduced risk. Our collaboration with Interactive Brokers allows experienced investors to have fast, reliable access to the digital economy for the first time.”

The Promise Was Delivered

It is worth noting that at the beginning of June, Interactive Brokers vowed to launch the aforementioned cryptocurrency service. The brokerage company was also quite precise with its timing as Thomas Peterffy – Chairman of the firm – stated this would happen by the end of summer 2021:

“Customers certainly are asking for cryptocurrency trading and we expect to be ready to offer it to them by the end of the summer.”

Interactive Brokers Group operates one of the largest electronic trading platforms in the US by means of daily average revenue trades. It reportedly has nearly 1.5 million registered clients accounts. While its headquarter is in Greenwich, Connecticut, it has 24 more offices in 14 different countries.

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Bitcoin Slides to $44K as Cardano Dumps 12% Hours After the Hard Fork (Market Watch)

Bitcoin attempted another breakout above $46,000 but was rejected once more and has lost $2,000 since then. Most altcoins also bleed out, including massive drops from the high-flyers Solana and Terra.

Bitcoin Fails at $46K

A lot can change in the volatile crypto market in a week. Last Monday, bitcoin was aiming high as it stood confidently above $50,000. It went even further and touched $53,000 for a new multi-month high before a sudden crash drove it south by $10,000.

Since then, it has struggled to recover despite bouncing off to around $46,000 initially. It consolidated around that level for a few days and even attempted to break out yesterday.

However, the bears intercepted the move at the daily high of $46,500. They pushed the asset down once more, and BTC has lost more than $2,000 since then. As of now, the primary cryptocurrency is down to just over $44,000.

Its market capitalization has dipped to $840 billion, but its dominance over the altcoins has increased to 41.5%, as most are deeper in red.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Blood on Alt Street

The alternative coins are in even worse shape than their leader. Ethereum has lost another sizeable chunk of value (7%) in a day and currently stands below $3,200. It’s worth noting that the second-largest cryptocurrency spiked above $4,000 roughly ten days ago.

Cardano, whose network went through the long-anticipated hard fork just hours ago, has dumped by a double-digit percentage. This “sell the news” effect has driven ADA to around $2.3.

Binance Coin (-5%) has slid beneath $400, Ripple (-5%) is close to breaking below $1 – Dogecoin, Litecoin, Bitcoin Cash, and Chainlink have marked similar losses in a day.

Solana and Terra – two of the best performers lately – have dumped by 16% and 20%, respectively. SOL sits at $150, while LUNA is down to $35.

Polkadot is the only larger-cap altcoin in green as it has increased by 5% to above $33.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


Even more double-digit losses are evident from Avalanche (-18%), Fantom (-15%), Celo (-14%), Arweave (-13%), NEAR Protocol (-12%), Revain (-10%), and Mina (-10%).

The cryptocurrency market cap has lost another $110 billion in a day and is down to $2 trillion now.

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Market Watch: Avalanche (AVAX) Explodes 30% to New ATH, Bitcoin Stagnant at $45K

After falling to $44,000 and spiking to $46,000, bitcoin has calmed once again around the $45,000 mark. Most altcoins are slightly in green on a daily scale, but some have charted impressive gains. Avalanche is among those as AVAX has surged by more than 30% to tap a new ATH.

ETH at $3,300 as AVAX Marks a New ATH

Most larger-cap altcoins have mimicked BTC in the past few days. Ethereum plummeted during the mid-week crash, attempted rapid recovery, but failed to increase any higher than $3,600. In the following two days, it kept losing value gradually and dropped below $3,300. As of now, it has gained about 2% in a day and currently stands around that level.

Cardano, whose network is set to undergo its long-anticipated hard fork today, has spiked by more than 6% and has reclaimed $2.5. Binance Coin (1%), Ripple (1%), Dogecoin (0.5%), Chainlink (2%), and Uniswap (1%) are slightly in the green since yesterday.

Polkadot (9%) and LUNA (8%) have marked more impressive gains, while Avalanche has outperformed all others. A 32% surge from AVAX has resulted in breaking above $64 for a new all-time high.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto





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Other impressive gainers are OMG Network (11%), Hedera Hashgraph (10%), Elrond (10%), and Kusama (8%). As a result, the crypto market cap has recovered around $50 billion in a day.

Bitcoin Still Sits at $45K

Ever since the aforementioned market-wide crash on Tuesday, in which BTC lost $10,000 in hours, the price of the asset has remained untypically stable.

After this drop from $53,000 to $43,000, bitcoin bounced off immediately to around $46,000. Consolidation followed in the next day or two before the cryptocurrency attempted to overcome $47,000 but to no avail.

Just the opposite, the bears stepped up and drove its price south. In the past 24 hours, bitcoin dropped to around $44,000. It reacted well to this dip and added $2,000 of value but was rejected at $46,000.

As of writing these lines, BTC has retraced to around $45,000 once more. Its market capitalization sits at $850 billion, while the dominance over the altcoins has declined to 41%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Bitcoin Drops Below $45K, Crypto Market Cap Slumps $120B (Weekend Watch)

After a few days of consolidation around $46,000, bitcoin has headed south and dropped beneath $45,000. Most altcoins have retraced in a similar fashion, with a few exceptions. LUNA is among those as it pumped by double-digits to tap a new ATH above $40.

Bitcoin Slides Below $45K

The primary cryptocurrency had a rough week. As it was preparing to become a legal tender in El Salvador, its price went to a multi-month high at just over $53,000. However, shortly after it became official, BTC plummeted in value.

In just a matter of hours, it lost over $10,000 and bottomed at $43,000. It bounced off somewhat rapidly to $46,000 and even challenged $47,000 a day later, but it ultimately failed to continue higher.

Just the opposite, the bears pushed it south once more in the past 24 hours, and it dipped to just over $44,000. As of now, it has recovered several thousand dollars but still struggles below $45,000.

Bitcoin’s market capitalization is down beneath $850 billion, and its dominance over the altcoins has remained still at 41.5%.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins Drop Again; LUNA Goes For an ATH

Most alternative coins have mimicked their leader’s performance lately. After the mid-week market crash, Ethereum dropped to around $3,000. It bounced off and went above $3,500, but another price dip has driven it to approximately $3,250.

Cardano (-4%) has declined beneath $2.4. Binance Coin, which went above $500 just days ago, now struggles to remain above $400. Solana – one of the best performers lately – has lost 5% in a day and now stands at $175.

Ripple (-4%), Dogecoin (-5%), Polkadot (-7.5%), Chainlink (-6.5%), and Bitcoin Cash (-5%) are also well in the red.

In contrast, Terra has surged by more than 25% in a day. As a result, LUNA charted a fresh all-time high just a few hours ago at above $40.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Quant (27%), Elrond (22%), Avalanche (17%), and Raydium (10%) have also marked impressive gains in a day to contrast with the rest of the market. Nevertheless, most lower- and mid-cap alts are in red.

Double-digit losses are evident from Celo, IOTA, Revain, eCash, Arweave, Perpetual Protocol, and more. As such, the cumulative market cap of all cryptocurrency assets has lost more than $120 billion in a day and is just over $2 trillion now.

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Bitcoin Stands Still at $46K as Tezos (XTZ) Skyrockets 25% to 4-Month High (Market Watch)

Bitcoin continued to consolidate in the past 24 hours as it failed to breach $47,000 decisively and is back to $46,000. Most alternative coins have retraced in the same timeframe. Tezos is among the few exceptions as the asset has surged by 25% in a day.

Alts Correct as XTZ Spikes Hard

The past several days were highly volatile for the cryptocurrency space. Ethereum went from above $4,000 to just over $3,000 during the market crash on Tuesday. Since then, though, ETH has attempted to recover most of its value. It went over $3,500 yesterday, but a 3.5% decline has driven it back down to around $3,400.

Cardano, whose network is preparing for the upcoming hard fork, is down by a similar percentage in the past 24% and is beneath $2.5 now. More identical drops come from Ripple, Dogecoin, Chainlink, Bitcoin Cash, Uniswap, and Litecoin.

Interestingly, Solana, which went on to register yet another all-time high above $200 yesterday, has dumped by 13% in a day to $185.

Polkadot and Terra are the only two larger-cap alts well in green. DOT is up by 6% to $31, while LUNA has pumped by 8% and trades at $33.




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Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Tezos is the most significant gainer since yesterday. XTZ has exploded by 27% and tapped $6 just a few hours ago. This became its highest price tag since mid-May.

Further gains come from Celo (26%), ICON (25%), Harmony (22%), Revain (11%), and Curve DAO Token (11%).

Bitcoin Still Sits at $46K

The primary cryptocurrency went through a roller-coaster this week as well. It had gradually increased to $53,000 – a four-month high – before it suddenly dropped by $10,000 in hours and bottomed at $43,000 on Tuesday.

It bounced off and recovered several thousand dollars rather rapidly. As such, it remained around $46,000 during most of yesterday’s trading session. It attempted to challenge $47,000 and even briefly exceeded that level, but the bears returned and drove it south once more.

As of now, BTC still sits at a familiar level – just north of $46,000. Its market capitalization stands at $870 billion, while the dominance over the altcoins has increased slightly to 41.5%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Bitcoin Sideways Action Continues as Solana Breaks $200 to New ATH (Market Watch)

After the enhanced volatility and massive price crash, bitcoin has stabilized around $46,000. Most altcoins also display early signs of recoveries, with impressive double-digit price increases.

Bitcoin Calms Around $46K

The past few days reminded of BTC’s volatile nature. The primary cryptocurrency had finally broken above $50,000 and even kept climbing to new multi-month highs. The latest came just two days ago at $53,000.

The so-called Bitcoin Day, in which the asset officially became a legal tender in El Salvador, brought only pain for the bulls. In just a matter of hours, BTC plummeted by more than $10,000 in a few violent candles.

This culminated in a drop to below $43,000. Since then, bitcoin has reclaimed some ground and has calmed around $46,000. Its market capitalization is still well below $900 billion after it came inches away from touching $1 trillion two days ago.

Moreover, bitcoin’s market dominance has also declined to 41% as most alternative coins have bounced off quite nicely in a day.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts’ Recovery Session as SOL Breaks $200

The alternative coins suffered even more than their leader during the crash. Now, though, most have outperformed BTC.

Ethereum dropped below $3,100 on Tuesday, just a few days after it had exceeded $4,000. A 7.5% increase in the past 24 hours has driven the second-largest cryptocurrency to above $3,500 as of now.

Cardano, whose network was criticized lately, has surged by 13% in a day to $2.6. Binance Coin (6%), Dogecoin (6%), Ripple (6%), Polkadot (11%), Bitcoin Cash (3%), Chainlink (9%), and Uniswap (9%) are also well in the green.

It’s worth noting, though, that Solana has trumped all other larger-cap alts. SOL has exploded by 35% in a day, broke above $200 for the first time to set a new ATH, and surpassed XRP in terms of market cap earlier today.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto


Even more gains come from NEAR Protocol (45%), IOST (40%), Hedera Hashgraph (37%), Fantom (35%), Raydium (35%), Mina (33%), Elrond (33%), and many more.

Consequently, the crypto market cap has recovered roughly $200 billion since the low on Tuesday and sits at $2.150 trillion.

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Bitcoin Spikes to $52K: Highest Since Mid-May (Market Watch)

After dipping below $50,000 once more on Sunday, bitcoin has gone on a tear again and surged to a new multi-month high above $52,000. Some altcoins are also well in the green, with Binance Coin trading above $500 and Chainlink spiking 15%.

Bitcoin Touched $52K

The past few days were going well for BTC as the asset had recovered from the mid-week price drops below $47,000. In fact, it challenged $50,000 a few times, and after the last one, it even went to a high of $51,000.

This price surge was relatively short-lived as the bears didn’t allow it to continue forwards. In the next few days, bitcoin dropped below the coveted $50,000 mark and went down to just over $49,000.

However, the situation changed once more in the past 24 hours. In a matter of hours, BTC gained roughly $2,000 of value. This resulted in briefly exceeding $52,000, which became the new highest price point since the mid-May correction.

Despite retracing with a few hundred dollars since then, bitcoin’s market capitalization sits near $1 trillion, while the dominance over the altcoins is still at 41.5%.




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BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Alts See Green; BNB Above $500

Most alternative coins also took a day off on Sunday, displaying an untypical lack of volatility. In the past 24 hours, though, the landscape seems quite different.

Ethereum has added 2% of value and is close to $4,000 once more. Binance Coin has taken another swing at $500 with a 1.5% increase. As of now, BNB stands just north of that level.

Even more gains come from Ripple (5.5%), Solana (4%), Dogecoin (3.6%), Polkadot (6%), Uniswap (4%), Litecoin (6%), and Bitcoin Cash (10%). Chainlink is the most impressive performer from the larger cap alts with a 14% surge to $35.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

From the lower- and mid-cap alts, Quant has increased the most – 42% in a day to $340. Filecoin (22%), OMG Network (22%), FTX Token (15%), Perpetual Protocol (15%), and Algorand (14%) are next.

By adding around $80 billion in a day, the crypto market cap has also seen a multi-month record at $2.350 trillion.

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Cryptocurrency charts by TradingView.






Source

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Bitcoin (BTC) $ 37,066.93 0.68%
Ethereum (ETH) $ 2,017.82 1.25%
Litecoin (LTC) $ 68.85 0.73%
Bitcoin Cash (BCH) $ 222.12 0.83%