Bitcoin fell in Wednesday morning trading in Asia, although it held above the US$23,000 lower resistance line. Most other top 10 non-stablecoin cryptocurrencies declined, with Cardano, Polkadot, and Shiba Inu posting the biggest losses. U.S. equities retreated on Tuesday to close out February in the negative after inflation concerns resurfaced on a series of stronger economic data readings, suggesting the Federal Reserve will be taking a tougher line on interest rate hikes. The total crypto market capitalization moved 1.38% lower in the past 24 hours to US$1.05 trillion. And the total trading volume over the last 24 hours dropped 9.82% to US$41.69 billion. (forkast)
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Bitcoin, Ether Fall; Polkadot Leads Losers Among Top Ten Tokens
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Cointime August 4 News Express
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