Cryptocurrency prices are showing signs of a downtrend as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and other altcoins are falling from recent peaks. Market is facing various challenges, such as decreased liquidity, increased regulatory scrutiny in the United States, and macroeconomic headwinds. BTC experienced a dip below the $27,000 threshold, trading at its lowest since March, and is currently sitting at $26,452.83. The correlation between cryptocurrency and other markets is becoming weaker due to a reduced impact of macroeconomic factors. Ethereum has been affected by a 2.7% and a 7.1% within the past 24 hours and the last week, respectively. Ripple has seen a 6.6% decrease in its value, trading now at $0.429. This trend signals a potential market drop over the weekend, with altcoins such as Cardano (ADA), Dogecoin (DOGE), Solana (SOL) and Polygon (MATIC) experiencing a 5% to 14% drop. In spite of the current scenario, Ripple has released a report showing the impact Central Bank Digital Currencies (CBDCs) could have on the economy, as well as Ripple's and XRP's future relevance.



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