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Stellar Drops 2.2% to $0.2727 as Key Resistance Rejects Rally

Stellar (XLM) experienced a 2.2% drop, falling from $0.2789 to $0.2727, as it faced a significant resistance at $0.2815 that capped its rally. The token's trading volume surged by 62% to 42.6 million tokens, highlighting strong selling pressure that confirmed a bearish trend. This rejection at resistance indicated institutional selling, reinforcing fears of a continued downtrend. XLM's recent performance established a series of lower highs, while support levels remained around $0.2709, a psychological barrier. A breach below this could facilitate further declines. During intraday trading, attempts to recover were met with swift reversals, ultimately leading to sell-offs reflecting diminished buyer interest. Overall, the market sentiment suggested vulnerability in XLM without a solid upward catalyst or breakout at the key resistance level.

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Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

Cathie Wood, CEO of Ark Invest, has revised her Bitcoin price target for 2030 down from $1.5 million to $1.2 million, citing rapid growth in stablecoin adoption. She noted that stablecoins, which are gaining traction among banks and corporations for payments, are encroaching on the role Bitcoin was

Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

Cathie Wood, CEO of Ark Invest, has revised her Bitcoin price forecast from $1.5 million to $1.2 million by 2030, attributing the change to the rapid adoption of stablecoins. In a recent interview, Wood noted that stablecoins are increasingly being utilized for payments, thereby fulfilling roles that Bitcoin

Ark Invest's Cathie Wood Slashes Bitcoin Price Target Over Growing Stablecoin Mania

Cathie Wood, CEO of Ark Invest, has revised her bullish Bitcoin price forecast from $1.5 million to $1.2 million by 2030. This change is attributed to the rapid growth of stablecoin adoption, which is increasingly being used for payments rather than Bitcoin. Wood noted that while Bitcoin still

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