Bitcoin Pulls Back After Fed Comments; Volatility Oversold

Bitcoin Pulls Back After Fed Comments; Volatility Oversold

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In crypto markets, most alternative cryptocurrencies (altcoins) outperformed bitcoin, suggesting that traders are still comfortable with risk, albeit less so relative to last week. BTC was roughly flat over the past 24 hours, compared with a 1% gain in ether (ETH), and a 7% rise in Algorand’s ALGO token.

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