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What is a Decentralized Application? How Do Smart Contracts Work? Bitcoin is looking heavy today after failing to see a decisive move higher in the last 24 hours. BTC has depreciated by 2. 0 percent in the last 24 hours, though it is still up 8 percent over the last 7 days. The slow descent in prices is possibly due to alternative currencies garnering more attention from traders and investors.
24 percent and 16 percent, respectively. Parallels could be drawn between the action seen in the cryptocurrency over the last few weeks and the behavior in the stock markets. Major equity indices are usually the first to rally. Once the large-cap valuations look overstretched, investors tend to rotate money out of large caps and into small caps. Investors who missed the bus, also chase the relatively undervalued small-cap stocks. On similar lines, the signs of weakness in BTC could be due to investors chasing the small-cap cryptocurrencies. Bitcoin rallied sharply from its Sep.