Crypto Markets Today: Major Tokens Slide, Altcoins Tumble More Than 10% [Yahoo! Finance]
DNA BRANDS INC (DNAX)
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Source: Yahoo! Finance
The decline followed a supposedly dovish Fed interest-rate cut, which was expected to send the dollar index lower and encourage more risk-taking in crypto markets. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Learn More Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Learn More Thor Metals Group: Best Overall Gold IRA Learn More Powered by Money.com - Yahoo may earn commission from the links above. "In recent days, there have been several signals of a shift to a downward trend in the first cryptocurrency," Alex Kuptsikevich, chief market analyst at the FxPro, said in an email. "BTCUSD fell out of the upward channel that had been in place since early September, dropped below horizontal support and fell sharply below the 50-day moving average. "This combination of negative signals suggests a further decline is likely unless there is a fundamental change in financial market sentiment." Derivative
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