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Bitcoin Struggles to Hold $80K as Altcoins Decline

Bitcoin dipped to a 5-week low of $79,100 but rebounded to around $80,900, struggling to maintain levels above $80,000. Most altcoins experienced significant declines, with Ethereum down nearly 4% and other notable drops from NEAR, RAIN, and AVAX. The total cryptocurrency market cap fell below $2.7 trillion, reflecting a broader bearish sentiment in the market.

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