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Huobi Token Sees Strong Performance Followed by Loss on Red Day for Crypto Market
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Crypto exchange Huobi Global’s own cryptocurrency huobi token (HT) rose in an otherwise red crypto market today, before falling along with the rest of the market. The changes follow news that Huobi is moving its spot trading services to Gibraltar.
At 10:00 UTC on Tuesday, huobi token was up 1% over the past 24 hours, trading at a price of USD 10.54. Despite being only a minor rise, the gain was enough to position HT as today’s third-best performer among the top 100 coins in the crypto market, on a day when most other coins fell sharply.
45 minutes later, at 10:45 UTC, the early gains had turned to a loss for HT, with the token trading down 3.6% over the past 24 hours as of press time.
Although a relatively strong performer today, the price of
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