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Altcoins Show Strength Amid Bitcoin Decline

Apr 2, 2024

The leading cryptocurrency, Bitcoin, faced a significant drop in value earlier today, falling to $66,000.

While Bitcoin's decline affected most altcoins, some stood out by showcasing positive movements in the market despite the overall downturn. Altcoins such as Core (CORE) and Bittensor (TAO) demonstrated noteworthy increases that defied expectations of a general decline.

Core (CORE) saw an impressive rise of 25.5%, while TAO experienced an 11.4% increase, distinguishing them as standout performers amidst the challenging market conditions.

Over the past 24 hours, CORE has surged by more than 25%, making it the top gainer among the top 100 cryptocurrencies by market capitalization.

On the other hand, some cryptocurrencies registered losses in the same period. Bitcoin Cash (BCH), Axelar (AXL), and Dogwifhat (WIF) were among the biggest losers, with losses ranging from 12% to 13.6%.

The "fear and greed index," a metric designed to gauge the sentiments of cryptocurrency investors based on various market factors, currently stands at 100, signaling extreme greed among participants.

Please note that the information provided is not intended as investment advice. Visit the source for further details.

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