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Bitcoin was trading 0.8% lower at $49,617, while Ethereum was down 0.12% at $2,645 in afternoon trade. The global cryptocurrency m-cap declined 0.54% to around $1.86 trillion in the last 24 hours. Meanwhile, Solana, Cardano, Avalanche, Chainlink, Dogecoin, Polygon, Toncoin, and Shiba Inu declined, while BNB, Tron, Polkadot, and Internet Computer surged.

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