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Bitcoin, Ethereum, Dogecoin Rally Halts as Chinese Data Disappoints: Are Investors Already Engaging in Profit-taking?

Benzinga Real-time News ·  Aug 15, 2022 22:21

Bearish sentiment kept major coins lower on Monday evening as the global cryptocurrency market cap declined 1.05% to $1.15 trillion at press time.

Price Performance Of Major Coins
Coin24-hour7-dayPrice
Bitcoin (CRYPTO: BTC)-1%0.8%$24,020.13
Ethereum (CRYPTO: ETH)-2.4%5.8%$1,868.18
Dogecoin (CRYPTO: DOGE)-4%9.5%$0.08
Top 24-Hour Gainers (Data via CoinMarketCap)
Cryptocurrency24-Hour % Change (+/-)Price
Chiliz (CHZ)+8.8%$0.20
STEPN (GMT)+7.5%$1.05
UNUS SED LEO (LEO)+5.8%$5.40



$Bitcoin(BTC.CC)$and$Ethereum(ETH.CC)$followed stocks lower at press time as the$S&P 500 index(.SPX.US)$and$NASDAQ 100 Index(.NDX.US)$futures turned flat and slipped marginally into negative territory, shedding the day's gains.

Sentiment in the stock market was marred by weak economic data emanating out of China. Industrial production came in at 3.8% in July below the 5% forecast. In an unexpected move, China's central bank cut interest rates by 10 basis points.

The...

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