Bitcoin Slips While Ethereum and Dogecoin Rise; Analysts Split on Short-Term Outlook as Crypto Market Cap Falls 3%
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Bitcoin, Ethereum, and Dogecoin saw mixed price movements on Sunday evening, with Bitcoin falling 0.52% to $34,911, Ethereum rising 1.68% to $1,887, and Dogecoin gaining 3.62% to $0.071.
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Sam Bankman-Fried, founder of FTX, was found guilty of fraud and faces up to 115 years in prison at a tentative sentencing date of March 28, 2024.
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Analysts are divided on Bitcoin's short-term outlook, with some expecting a rise above $35,000 and others predicting consolidation around $30,000 - $32,000.
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The global crypto market cap stands at $1.28 trillion, down 3.05% over 24 hours.
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U.S. equity futures showed little movement on Sunday evening following the major averages' strongest week so far this year.