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75 of Top 100 Cryptocurrencies Trade Below Key Averages, Signal Broad Market Weakness

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BTC
$88,862.500.72%
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ETH
$3,001.940.42%
Moving averages are flashing bearish signals as 75 of the top 100 cryptocurrencies trade below both their 50-day and 200-day levels. This broad weakness drags down the market, with Bitcoin dropping from $126,000 to $87,000. Top altcoins are also underperforming, with most failing to hold key support levels. In contrast, only 29 Nasdaq 100 stocks are trading below these averages. The decline in Bitcoin and Ethereum, which control 78% of the $3 trillion crypto market, is amplifying the sector’s downward pressure.
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