Bitcoin Slips 2% as Crypto Rally Cools; Meme Coins Outperform While Chainlink and Adventure Gold Drop
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Bitcoin (BTC) slipped 2% to around $34,000 as crypto markets cooled off after rallying earlier this week.
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Meme coins Dogecoin (DOGE) and PepeCash (PEPE) outperformed the broader market, while Chainlink (LINK) and Adventure Gold (AGLD) dropped.
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Bitcoin is in its fifth bull market driven by institutional adoption as a safe haven asset, and could reach $125,000 by end of 2024, per Matrixport.
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Equity markets extended losses, dragged down by disappointing earnings reports from tech giants.
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Despite pullbacks, Bitcoin remains in a bull market fueled by institutional adoption, according to analysts.
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