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Bitcoin holds $27,000, Ethereum below $1,700, Altcoins trade mostly higher

Bitcoin was back in red today as traders took some profit off the table amid the volatile market sentiments. The ruling by the Federal Court on Tuesday is seen as a clearing the path for a spot bitcoin ETF by the Grayscale. However, overall sentiments remain volatile for the traders. Bitcoin was back in red today as the largest crypto token dropped about a per cent but remained above $27,000-levels. Its largest peer, Ethereum, declined more than a per cent to breach below $,1700 mark again. Price action in the altcoins was on the lower side during the early trade. Solana dropped more than 4 per cent, while Polkadot tanked 3 per cent. Polygon and Tron shed 2 per cent each.

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