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Lately, Bitcoin movements are quite interesting. Despite the decline in oil prices, BTC is holding around $73,900, though it has slightly decreased compared to yesterday. In the past 24 hours, it’s down about 0.71%.
However, other assets are showing some weakness. Ethereum has fallen 2.79% over the last day, and XRP has dropped 1.45%. Especially, it seems that Ethereum has been experiencing ongoing weakness recently.
Looking at the overall market, Bitcoin is relatively holding steady, but altcoins including Ethereum appear to be in a correction phase. The correlation with oil prices is also intriguing, and we’ll have to watch how traditional asset weakness impacts cryptocurrencies.