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The cryptocurrency market has witnessed a curious shift in recent days. While Bitcoin (BTC) experienced a slight price decline, the total open interest on exchanges has dropped significantly.

Ethereum (ETH) has experienced a sharp decline in price, raising concerns about a potential bearish trend. The cryptocurrency, which has been a major player in the blockchain space, has seen its value drop below key support levels.

According to X user Ali Martinez, Ripple whales have been on a buying spree, acquiring over 50 million XRP tokens in the past 24 hours. This represents a significant investment of approximately $30 million.

Dogecoin, the popular meme coin, is generating buzz in the crypto community as recent price action suggests it might be bottoming out and preparing for a significant bull run.

Bitcoin's price has dropped nearly 2% in the past 24 hours, settling around $62,758. This decline comes despite a substantial inflow of $202.5 million into Bitcoin ETFs as of August 26.

In a controversial move, Binance, one of the world's largest cryptocurrency exchanges, has seized all funds belonging to Palestinian users following a request from the Israeli Defense Forces (IDF).