The crypto market is experiencing a downturn as Solana, Dogecoin, and Cardano drop around 7%. This decline results from traders taking profits, especially in Bitcoin, with realized profits exceeding 6 billion USD.
Investors are reacting to the US Federal Reserve’s decision to maintain interest rates, leading to increased caution. The Crypto Fear and Greed Index has decreased, reflecting the shift towards bearish sentiment.
Leave a Reply