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Bitcoin, XRP, and Cardano Poised to Benefit from Key Fed Policy Shift
Anticipated Fed rate cuts and President Trump’s crypto reserve move have boosted the sentiment in the cryptocurrency market, with Bitcoin (BTC), XRP, and Cardano (ADA) emerging as key beneficiaries. This development underscores investor optimism amid monetary easing.
The recent prediction platforms like Polymarket indicate that traders are increasingly betting on a 25-basis-point cut in the Federal Reserve’s upcoming rate decision. The total bet placed stands at $10.9 million, highlighting an astonishing 77% probability of such a cut taking place.
Bitcoin (BTC) currently trades at $81,310, having experienced a 4.97% increase within the past day; XRP is trading at $2.01, marking a substantial 10.06% growth over the same period. Cardano (ADA), the best performer among the three, sits at $0.6169, with an impressive 8.17% gain since yesterday.
This sudden surge in value can be attributed to the looming Fed policy shift, which has piqued investor interest and confidence in these cryptocurrencies. The unprecedented growth of XRP has been particularly noteworthy, with its value increasing by a staggering 840% from approximately $0.2138 to its current standing at $2.01.
Conversely, Cardano (ADA) has experienced the most significant overall growth, having risen from $0.050696 to $0.616603, representing an extraordinary 1,116% surge.
Source: https://www.crypto-news-flash.com/bitcoin-xrp-and-cardano-poised-to-benefit-from-key-fed-policy-shift/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-xrp-and-cardano-poised-to-benefit-from-key-fed-policy-shift
