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Crypto Markets Pull Back as Bitcoin Tests Support at $78,000

Guavy AI Editorial Team
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BTC ETH XRP
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Crypto markets have lost some of their bullish momentum in recent days, with Bitcoin (BTC) and altcoins like Ethereum (ETH) and XRP experiencing a pullback.

The price of BTC has dropped to test its near-term support at $78,000, while ETH has consolidated around $2,470 amid limited upside and deteriorating momentum indicators. XRP has also extended its decline for the second consecutive day, trading below $1.40.

Despite this correction, market sentiment remains elevated, with the Fear & Greed Index at 69 in 'Greed' territory, up marginally from 66 the previous day. If sustained, risk-on sentiment could boost the market and raise the odds of a renewed breakout.

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