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Profit-taking occurred in Asian markets, which led to a decrease in bitcoin to the level of $ 43,700.
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Profit-taking occurred in Asian markets, which led to a decrease in bitcoin to the level of $ 43,700.

Dec 21, 2023

On Thursday, Asian stock markets showed negative dynamics, but in the middle of the week business activity indicators were rising, mainly due to the decision of the Bank of Japan to maintain negative rates.

As a result of this decision, the yen faced capital outflows, and stock indexes, as well as cryptocurrencies, began to show an increase in value. Bitcoin was trading above $44,000 in the evening, but the next day profitable transactions led to its decline to $43,700.

It is also possible to observe sales in European markets, where the basic regional Stoxx 600 index fell by 0.3%. A correction was also noted in the United States, with a 1.5% decline in the Nasdaq 100 and S&P 500 indices.

Wednesday evening created the conditions for a possible pullback, and Asian and European traders received a signal from their American counterparts. The ether (ETH) exchange rate fell to $2,226, while Binance Coin (BNB) rose to $269.5.

Solana (SOL) maintains its leading position in the market. Recently, this altcoin surpassed XRP in capitalization and rose to fourth place in the ranking of digital currencies. The growth of SOL is due to the high activity of users, and according to this indicator, the network has surpassed even Ethereum.

Avalanche (AVAX) and Dogecoin (DOGE), at the time of writing, were trading at prices of $46.09 and $0.091, respectively, having gained almost 2% in the last 24 hours.

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