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Reading: SOL, ADA Lead Losses as Market Starts Week in the Red
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News Junction > Blog > Cryptocurrency > SOL, ADA Lead Losses as Market Starts Week in the Red
SOL, ADA Lead Losses as Market Starts Week in the Red
Cryptocurrency

SOL, ADA Lead Losses as Market Starts Week in the Red

Published January 30, 2024
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Bitcoin has gained nearly 10% in the last week to climb above $43,000 ahead of the Fed’s rate decision tomorrow. The U.S. central bank is expected to keep rates unchanged, which could boost appetite for BTC and its related exchange-traded funds, venture capital firm Tagus Capital said in its daily newsletter. Altcoins SOL and AVAX have led the recent crypto rally, gaining 27% and 25% in the last week. “Altcoins’ consistent positive performance over the past six days is setting up optimism, setting up bitcoin for a test of $46,000,” Alex Kuptsikevich, a senior market analyst at FxPro, said in an email. “The outperformance in major altcoins points to a broadening of participant interest beyond the two largest coins.”

#SOL #ADA #Lead #Losses #Market #Starts #Week #Red

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