Bitcoin Cash Breaks Out, Cardano Breaks Down as Crypto Traders Hold Breath on Fed: Analysis

In brief

  • Bitcoin Cash (BCH) rallies 6% with strong buying pressure and positive momentum indicators.
  • Cardano (ADA) slides 3.5% below key moving averages with bearish signs all around.
  • Fed is holding rates steady, and crypto traders eagerly await clearer monetary policy direction.

The effects of the ceasefire between Israel and Iran seems to have already been digested by traders as markets today cool down after big jumps earlier this week. Only two coins (Pi and Maple Finance) are up more than 10% with the average price appreciation in the top 100 coins by market cap being around 2%, and the average dip around that mark too.

But crypto traders are pushing upwards: total cryptocurrency market cap across the sector is up to $3.283 trillion,…

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