Dogecoin and Cardano experienced significant sell-offs as profit-taking occurred, while gold prices retreated following China’s decision to end its tax rebate. The cryptocurrency market saw a notable decline, with investors opting to secure profits after recent gains. Both Dogecoin and Cardano were at the forefront of this sell-off, reflecting broader trends in the market. Meanwhile, gold, often seen as a safe haven, pulled back as the Chinese government concluded its tax rebate program, impacting demand. The end of this incentive may lead to shifts in market dynamics, influencing both commodities and cryptocurrencies.
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