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Bitcoin Cash rises to $491.80 during the European session after surpassing the $487 resistance level, indicating positive market movement.
Bitcoin's dip below $100,000 raises concerns for highly correlated altcoins like Bitcoin Cash, BNB, and Litecoin, which could crash if BTC declines further. Their linked performances could exacerbate their price slides amidst volatile markets.
Grayscale anticipates significant growth for altcoins like XRP, Cardano, and Bitcoin Cash, forecasting new SEC standards approval.
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