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Bitcoin trades near $42,700; Slona, Avalanche rise up to 7%

Major crypto tokens were trading mixed on Friday. Bitcoin (-0.3%), Ethereum (-0.4%), Cardano (-3.5%), Polkadot (-2%) and Polygon (-2.5%) were trading in the red, while XRP (0.7%), Solana (7.3%), Avalanche (3.4%), and Tron (1.1%) were trading in the green. At the time of writing, the global cryptocurrency market cap declined by 0.27% to around $1.61 trillion in the last 24 hours. The crypto market performed sideways with an upward bias in the last 24 hours. BTC is back to trading around $43k levels, while ETH is trading around $2.3k. This market movement can be attributed to the Feds as they signaled interest rate cuts for next year, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.


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