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Test for Market Bulls as 2023 Policy Finale Looms

Bitcoin, the reigning titan of the cryptocurrency market, finds itself in an unusual position as it lags behind lesser-known digital currencies in recent price gains. And on Wall Street, stocks remain resilient despite the economic rollercoaster.

December 11, 2023

Bitcoin Gravitating Towards $50,000

Bitcoin is underperforming smaller, less well-known digital currencies following the market bellwether's spectacular recent gain.

On Friday, Cardano surged 30%, Solana saw a gain of around 8%, and Avalanche rose 12%.

Ether was down roughly 1%, while Bitcoin was up about 2%. The combined value of the two biggest tokens in cryptocurrency is around $1.6 trillion.

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