Bitcoin and Solana Status
Despite the trade truce between the US and China, cryptocurrencies have failed to rise.
Bitcoin has dropped to around $110,000 (-9.4%) due to a loss of momentum following a massive liquidation in the derivatives market.
Ethereum and Solana also decreased by more than 2% and 4% respectively.
The Federal Reserve lowered the interest rate by 0.25%, but hinted at keeping it steady in December, increasing uncertainty and negatively impacting the market.
Traditional markets have risen, while cryptocurrencies remain weak.
This week is crucial due to the release of US jobs and inflation data that will determine the path of interest rates and markets.
