Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels

Quick Summary:

The global cryptocurrency market cap currently stands at $2.28 trillion, reflecting a 5.96% drop in the last 24 hours.

This decline may be partly driven by shifts in the U.S.election predictions, as recent data shows that the odds of Trump winning have dropped to 2.8%.

The Relative Strength Index (RSI) currently reads 47.33, below the average of 52.71, indicating a bearish sentiment and potential selling pressure.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: Ethereum News ETH ETHEREUM Whale U.S

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 08:16:23 (3 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 397 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23363651

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 36 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 15 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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