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    Crypto Today: Bitcoin holds $104K as XRP, AVAX and Solana traders take profits

    Author AvatarBy Ruby Chambers No Comments 12 Mins Read
    • The cryptocurrency sector valuation declined 4% on Wednesday, dropping toward $3.8 trillion.
    • While Bitcoin price dipped 2% to consolidate around the $104,600 mark, top altcoins like XRP, AVAX and SOL suffered excess of 5% losses on the day. 
    • The sell-the-news frenzy comes as the Fed projects fewer rate cuts in 2025. 

    Altcoin market updates: Solana, XRP AVAX among top losers, Fed triggers sell-the-news frenzy 

    As the US central bank’s governors on Wednesday projected fewer rate cuts in 2025, crypto traders opted to take profits off the table.

    This effectively ended a week-long rally that has seen Bitcoin (BTC),

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    She is a seasoned financial market analyst, specializing in Forex and cryptocurrency news. With a sharp eye for trends and a deep understanding of global markets, she provides insightful commentary and analysis, helping traders and investors stay informed and make strategic decisions. Her expertise bridges the gap between complex market data and practical, actionable advice.

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