Majors crypto tokens slid as traders sold holdings to lock in the past few days' gains. Dogecoin and Polygon’s MATIC led losses with declines of more than 8%.
BNB Coin gained after decentralized exchange Uniswap, which processes the highest daily trading volumes among counterparts, expanded to the network. The move is expected to offer several significant benefits for both the exchange and the network, including user growth, lower fees and the ability to tap into new geographical markets.
"Long-term indicators still indicate strength in the crypto market, and hence, the current pullback might be close to forming the higher low expected for the past three weeks," Bitfinex told CoinDesk in an email.
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