This week, the crypto market experienced several shifts. Bitcoin (BTC) dropped by 0.25% as market participants weighed potential Federal Reserve rate adjustments and ongoing regulatory discussions. Ethereum (ETH) saw a 6.22% decline, with investor sentiment dampened by perceived limited growth in its decentralized finance (DeFi) sector, especially compared to competitors like Solana and Aptos. Litecoin (LTC) remained nearly unchanged, dipping only 0.15%, appealing to investors seeking lower volatility assets. Ripple (XRP) fell moderately by 2.19%, while Solana (SOL) experienced a larger drop of 9.11%, possibly impacted by broader sentiment shifts in altcoins. Uniswap (UNI) also slipped slightly by 0.26%, reflecting limited market momentum overall. With U.S. election results expected this week, traders are bracing for potential large price swings as markets react to the outcome.
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