DOGE, ADA, BTC Price News: Dogecoin, Cardano Lead Crypto Gains as Traders Weigh Fed Actions
The crypto market is responding to Federal Reserve signals and a potential trade deal hinted by U.S. President Donald Trump, pushing Bitcoin close to the $100,000 mark. Dogecoin (DOGE) gained 5%, while Cardano's ADA rose by 4%, contributing to a 2.2% increase in the CoinDesk 20 index. The Fed's recent decision to maintain steady interest rates left traders speculating about future cuts, with a 55% chance of a rate cut in July. With ongoing tariff uncertainties, any resolution could boost risk appetite across markets. Analysts warn of potential stagflation affecting both inflation and employment, which poses challenges for economic recovery. Despite this uncertainty, Bitcoin has seen record inflows into U.S. ETFs, signaling its emerging role as a hedge in volatile macroeconomic conditions. The overall sentiment indicates a shift toward viewing crypto as integral to resilient investment portfolios.
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