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Crypto market positioning is 'defensive and thin' after Fed, Marex analysts say
Key takeaways
- Bitcoin BTC$64,087.40, the largest cryptocurrency by market capitalization, was changing hands near $63,900, down more than 1% over the past 24 hours.
- The CoinDesk 20 Index (CD20) fell more than 1.2% in the same period.
- For instance, Provenance Blockchain’s HASH token surged 15%, alongside a gain of almost 10% gain in Stellar’s lumen (XLM).
Bitcoin BTC$64,087.40, the largest cryptocurrency by market capitalization, was changing hands near $63,900, down more than 1% over the past 24 hours. Other major tokens, including XRP (XRP), ether (ETH), BNB coin BNB$590.37 and solana (SOL), posted similar losses.
The CoinDesk 20 Index (CD20) fell more than 1.2% in the same period. The DeFi Select Index (DFX) slid 5%, the largest drop among all the CoinDesk benchmarks.
Still, there were pockets of strength. For instance, Provenance Blockchain’s HASH token surged 15%, alongside a gain of almost 10% gain in Stellar’s lumen (XLM).
Article preview — originally published by CoinDesk. Full story at the source.
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