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Other popular altcoins, such as Tron, Chainlink, and Avalanche, plunged over 5% each. Also, BNB, XRP, Solana, Cardano, Dogecoin, Polygon and Shiba Inu fell 2-4%.
Meanwhile, the global cryptocurrency market cap increased by 0.08% to around $1.42 trillion in the last 24 hours.
Meanwhile, a fall in US retail sales in October after months of strong gains pointed to a cooling economy and strengthened expectations that the Fed is done hiking rates.
Meanwhile, during this rally, the global cryptocurrency market cap increased 3.26% to around $1.37 trillion in the last 24 hours.
Meanwhile, XRP advanced 3% amid Ripples involvement with noteworthy projects including a newly announced CBDC pilot in Georgia and its inclusion in Dubais virtual assets regime.