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Crypto Market Sees Stalled Momentum Following Bitcoin’s Faltered Price Discovery Attempt

The latest crypto market data shows a pause in momentum, with Bitcoin's recent attempt for price discovery faltering. Bitcoin has fallen by 5.9% since the start of the month, while Ethereum and Solana have experienced larger drops of 16.9% and 33.1% respectively. The memecoin sector has also seen a decline, with a 37.4% correction following a surge of 90.2% at the end of 2024. Bitcoin has maintained a gradual upward momentum compared to April 2023, while Ethereum and Solana have displayed more volatility. Glassnode suggests that investors should focus on risk management and reevaluate strategies in light of the market's inherent volatility.

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