Bitcoin Experiences Selling Pressure at $97K, Cardano Leads Gains Ahead of FOMC Meeting
Bitcoin faced selling at $97,000 as market activity shifted ahead of the upcoming FOMC meeting. Meanwhile, Cardano's ADA emerged as a leader among the major cryptocurrencies, showcasing significant gains during this period. The fluctuations in Bitcoin's price, attributed to increasing trading activity, have caught the attention of investors as they speculate on potential changes in interest rates resulting from the Federal Open Market Committee's upcoming decisions. Strength in Cardano indicates a possible rotation of interest among altcoins, drawing investors looking for growth outside of Bitcoin's volatility. As traders position themselves ahead of the meeting, the broader cryptocurrency market is closely monitoring how federal monetary policy may influence future price movements across various tokens.
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