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Crypto

Bitcoin Stays Steady as US Stocks Slide

Guavy AI Editorial Team
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Bitcoin defied the decline of US stocks on Wednesday, holding steady above $63,000 as the Nasdaq fell 1.5%.

The CoinDesk Market Index of digital assets ticked up 0.3%, but other major tokens were mixed in their performance.

Ethereum dropped 1.4% and Solana fell 1.6%, while XRP gained 1% and Cardano rose 2.9%.

Total crypto value slipped 0.1% to $2.18 trillion, with industry-wide trading volume falling 3.6% to $64 billion.

However, Bitcoin's own 24-hour volume climbed 2.9% to $26.5 billion, indicating a concentration of activity in the most liquid corner of crypto.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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