BTC, ADA And XRP News
Cardano’s ADA, XRP Slide as Bitcoin
Traders Await ‘Coin-Flip’ FOMC Meeting
"DeFi tokens such as Hyperliquid’s HYPE are up 70% in the past week, a sign of traders favoring fundamentals as capital allocators remain cautious with their money."
Interpretation:
HYPE's 70% gain signals strong short-term interest, likely driven by trader sentiment and perceived fundamentals like token utility or protocol revenue.
The phrase "capital allocators remain cautious" suggests that institutional or long-term investors are still hesitant, possibly due to broader market volatility or regulatory uncertainty.
Traders are selecting tokens based on core strengths (e.g., revenue, tokenomics, user growth), not just hype or speculation.
What to know:
Cardano's ADA and XRP led losses among major cryptocurrencies as traders anticipate the Federal Reserve's decision on interest rates.
Bitcoin prices remained stable above $94,000, while other cryptocurrencies like Ether and Dogecoin experienced slight declines.
DeFi tokens such as AAVE and CRV saw increased demand, reflecting a shift in trader interest towards projects with strong fundamentals.
ADA price dropped nearly 4% while XRP slid similarly. Ether (ETH) fell nearly 1%, BNB Chain’s BNB rose 1.3% and memecoin dogecoin (DOGE) was down 2% in the past 24 hours.
The broad-based CoinDesk 20 (CD20), a liquid index that tracks the largest tokens by market capitalization, dropped a little over 1.8%.
