CandleFocus

Stellar Price Crashes 7% As Open Interest Nosedives

The price of Stellar (XLM) is facing difficulties in surpassing the important milestone of $0.50, reflecting a negative sentiment in the crypto industry. Bitcoin has also experienced a significant decline, dropping to $92,000. Additionally, the overall market capitalization of all cryptocurrencies has decreased by 3.5% within the last 24 hours, reaching $3.15 trillion. Furthermore, XLM's futures open interest and weekly transactions have declined, indicating a possible further decline in the coming week for Stellar.

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