HYPE Loses Ground Amid Bitcoin Pullback

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FARTCOIN has dumped the most today, followed by SPX and TIA.

Bitcoin’s price ascent to almost $110,000 was short-lived, as most previous attempts, and the asset was pushed south by over two grand from top to bottom.

Most altcoins are also in the red on a daily scale, including some larger-cap ones, such as HYPE, DOGE, and LINK.

BTC Back to $108K
The start of July was rather sluggish, but BTC went downhill on the second day of the month, tumbling from $108,000 to $105,000. However, the bulls stepped up at this point and didn’t allow another price drop.

Instead, the cryptocurrency started to recover and quickly returned to $108,000. Moreover, it kept pumping and tapped a multi-week at $110,500 on the next day. These fluctuations, though, seem to be doomed from the start during this calm summer consolidation phase, and BTC went back down to $108,000 almost immediately.

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