Bitcoin and other cryptocurrencies are facing a decline and struggling to hold momentum after reaching key price milestones last week. Bitcoin declined by 2.76%, slipping down to $29,494, breaking the significant $30,000 level that it had surpassed just last week for the first time in nearly a year. Cryptocurrencies are expected to remain influenced by fluctuations in the Dow Jones Industrial Average and S&P 500. Upcoming economic indicators, such as jobless claims and manufacturing PMIs, may impact Bitcoin along with the financial markets as a whole. Amidst the decline, Casper (CSPR), Injective Protocol (INJ), Love Hate Inu (LHINU), Rocket Pool (RPL), and DeeLance (DLANCE) are some of the top crypto gainers today. Casper experienced a 15.68% move to the upside, reaching $0.061, and currently trading at $0.054. Injective’s token has seen an impressive price surge of over 60% on the weekly chart and currently trading at $9.21. Love Hate Inu, a meme coin, has raised $4.47 million so far in presale and kicked off a demo voting competition, with a $10,000 prize. Rocket Pool has experienced a notable uptick in bullish momentum following Ethereum’s Shapella launch, leaving market observers curious about where the price may head next. The global cryptocurrency market cap has declined, but investor sentiment appears optimistic.
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