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Bitcoin (BTC) worth has been making an attempt to alter course whereas the S&P 500 remains to be giving up good points each day. Regardless that america equities markets have been grinding decrease since Aug. 26, Bitcoin has managed to hold on to the $20,000 mark. 

Nonetheless, investor curiosity appears to be shifting away from Bitcoin. That has led to a reduction in assets under management (AUM) for Bitcoin funding merchandise, which dropped 7.16% in August to $17.4 billion, in response to a brand new report by CryptoCompare.

As compared, the AUM for Ethereum merchandise elevated 2.36% to $6.81 billion throughout the identical interval, indicating that traders are positioning themselves in Ethereum merchandise forward of the Merge.

Every day cryptocurrency market efficiency. Supply: Coin360

Regardless that costs are down throughout the ecosystem, bear markets at the least provide enticing alternatives to long-term traders. To capitalize on this chance, Reddit co-founder Alexis Ohanian’s enterprise capital agency Seven Seven Six is aiming to boost $177.6 million for a crypto funding fund. On comparable traces, former executives from Galaxy Digital and Genesis are looking to raise a $500 million fund.

Though the close to time period seems to be unsure, long-term traders could also be in search of backside fishing alternatives. May Bitcoin and main altcoins keep above their quick assist ranges? Let’s examine the charts of the highest 10 cryptocurrencies to seek out out.