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Crypto Markets Today: BTC Price Slips, XPL, ENA Slide as AI Spending Concerns Hit U.S. Equities

Cryptocurrency prices fell over the past 24 hours, with the CoinDesk 20 Index declining by 1.7%. Bitcoin (BTC) dropped 0.2% to below $110,000, and ether (ETH) slid 1.3%. This downturn coincided with a broader sell-off in U.S. equities, primarily driven by concerns related to increased AI spending from tech companies like Meta and Microsoft. The bitcoin futures market exhibited a lack of clear trends, indicating low general demand, while some platforms showed isolated bullish demand. Altcoins faced challenges, as many broke through key support levels, with doublezero, plasma, and gate token declining by up to 21%. Notable exceptions included the privacy coin, which rose 5%. The altcoin market’s stability now hinges on whether ether can maintain support at $3,700, with potential implications for the overall market if it fails.

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FTX News: Sam Bankman-Fried's Appeals Court Hearing Saw Skeptical Judges

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FTX News: Sam Bankman-Fried's Appeals Court Hearing Saw Skeptical Judges

This week, the Second Circuit Court of Appeals held a hearing on Sam Bankman-Fried's appeal of his criminal conviction. The judges expressed significant skepticism toward his attorney's arguments that he deserved a new trial due to alleged bias from the trial judge, Lewis Kaplan. Bankman-Fried'

FTX News: Sam Bankman-Fried's Appeals Court Hearing Saw Skeptical Judges

Sam Bankman-Fried's appeal against his criminal conviction was heard by the Second Circuit Court of Appeals, with judges expressing skepticism towards his arguments. His attorney, Alexandra Shapiro, contended that Bankman-Fried did not receive a fair trial and that Judge Lewis Kaplan was biased against him. The appeal requested