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The crypto market is on the defensive

The crypto market is on the defensive

Market overview

The crypto market capitalisation has retreated to levels seen at the start of the week, near $2.17T, having failed to mount a sustained rally. The market remains cautious, trading just above its 50-day moving average, which has served as support since the second half of July. Among the popular coins, the top performers over the last day were Uniswap (+8.7%), Filecoin (+4.6%) and VeChain (+4.4%). Notably, Uniswap, with a 60% rise, leads the gains over the last 30 days. The worst performers were Cosmos (-4.2%), Zcash (-3.4%) and Basic Attention Token (-3%). Cosmos has lost 18% over the month, hitting a multi-year low of $1.23 amid high trading volumes and coming relatively close to its all-time low of $1.13, recorded at the…

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