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Bitcoin falls below $42,800; Altcoins trade mixed

Major crypto tokens were trading mixed today amid diminishing expectations of a near-term Federal Reserve rate cut. Bitcoin (-0.15%), BNB (-0.9%), Solana (-0.7%), Cardano (-1.1%) and Avalanche (-2.1%) were trading in the red, while Ethereum (0.7%), XRP (.3%), Polygon (1.9%), and Chainlink (2.3%) were trading in the green. The global cryptocurrency market cap surged 0.24% to around $1.64 trillion in the last 24 hours. At 11:40 a.m., BTC was trading 0.15% lower at $42,704. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, fell to $837 billion. The total volume in DeFi is currently $4.15 billion, 9.67% of the total crypto market 24-hour volume.

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