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Bitcoin and Ethereum Face Volatility Amid Market Shifts

Despite minor declines, major cryptocurrencies show strong weekly performance against a backdrop of political and market uncertainties.

  • Bitcoin and Ethereum posted double-digit gains over the past week despite recent price drops.
  • The crypto market's resilience is noteworthy given significant sell pressures from events like Germany's Bitcoin liquidation and Mt. Gox repayments.
  • Indian exchanges experienced sharper declines following a security breach at WazirX.
  • Market sentiment is influenced by political developments, including fluctuating odds in the U.S. presidential race.
  • Upcoming Ethereum ETFs and spot Bitcoin ETFs are expected to impact market dynamics.
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