Bitcoin, Solana and Cardano show some pep as Litecoin rallies and rate cuts are paused

BITCOIN is back above $105,000 today, up about 2% in the last 24 hours, while Ethereum is holding steady around $3,180.

Solana (SOL) and Cardano (ADA) are also in the green, both posting modest gains of around 1.6%. Litecoin (LTC) is among the top performers on Luno, rallying more than 10% overnight. 

Markets are still digesting yesterday’s Fed decision to keep interest rates unchanged at 4.25%-4.50%. No surprises there, but investors are paying close attention to what this means for inflation and future rate moves. 

Looking ahead, the next big macro event is tomorrow’s PCE inflation report. If inflation comes in hotter than expected, it could shake up markets. But for now, things seem to be stabilising after a volatile few weeks. 

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🌦️The Data... 

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Total crypto market cap

$2.08 trillion (+2.2%)

Bitcoin (BTC):

• Price: Currently trading at $104,927, up 2.2% in the last 24 hours.
• Daily high: $105,547
• Daily low: $101,447
• Market cap: $2.08 trillion
• 24-Hour trading volume: $53.83 billion
  
  

S&P 500

-0.47%

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Fear and Greed Index 

Neutral

Bitcoin Relative Strength Index (RSI) (14) 

The RSI stands at 58.79, suggesting that Bitcoin is neither overbought nor oversold at this time.

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Post Script…

Cautionary Notes

It’s definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.

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