AVAX, POLS, and ICP rose against the trend, while the gains of BTC and ETH stalled

The Bitcoin (BTC) rally appears to be stalling. There was a maximum drop of 3% yesterday evening. Although it rose slightly to above US$42,000 later, it fell again to US$41,605 this morning. It was trading at US$42,136 at the time of writing, down 1.7% in the past 24 hours.

Coindesk pointed out that if BTC closes below $43,800 this week, it will mean that the eight consecutive weeks of rising momentum will end for the first time since 2017.

The reason why Bitcoin prices are stagnant may be because a large number of investors are taking profits. According to analysis by IntoTheBlock, net Bitcoin inflows into exchanges reached $860 million this week, the highest level since March. Typically, asset inflows into exchanges mean investors are interested in selling, most likely because Bitcoin has risen 65% over the past few months, from $27,000 in October to its current price. This led many investors to decide to take profits.

Ethereum fell another $2,200

Ethereum (ETH) fluctuated and fell all the way yesterday. It once fell below $2,200 this morning, with the maximum drop of more than 5.5%. It rose to $2,250 before the deadline, down 1.5% in the past 24 hours.

AVAX, POLS, and ICP rose against the trend

According to CoinMarketCap data, among the top 20 currencies, except Avalanche (AVAX), which bucked the trend and rose by more than 3% in the past 24 hours, Most other currencies remained lower. Among them, ADA and DOT fell by more than 4%.

At the same time, some tokens have also experienced impressive gains against the trend:

POLS: The native token of the decentralized financing platform Polkastarter, which coincides with the launch of the year-end festival event of the platform. , soaring 36% in 24 hours and more than 155% in the past two weeks.

ICP: Internet Computer, which builds a decentralized public network, has surged 25.6% in the past 24 hours, and its market value ranking has jumped to 22nd.

BONK, the Solana meme currency that has soared 665% in the past 30 days and was listed on Coinbase this week, has fallen 3.1% in the past 24 hours, but its gain this week is still up by more than 104%.

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