Dogecoin, Cardano’s ADA Lead Market Gains as Bitcoin Traders Eye Next Fed Meeting
● The bitcoin price approached the $100,000 mark as crypto markets rose, driven by Federal Reserve signals and Donald Trump's hint of a potential trade deal.
● Major cryptocurrencies like dogecoin and Cardano's ADA saw significant gains, while the CoinDesk 20 index rose by 2.2%.
● The Federal Reserve's decision to hold interest rates steady left markets uncertain about future cuts, impacting risk assets including cryptocurrencies.
● Bitcoin (BTC) flirted with $100,000 Thursday as major cryptocurrencies including dogecoin (DOGE) and Cardano’s ADA led crypto market gains, boosted by dovish signals from the Federal Reserve and a pending trade deal teased by U.S. President Donald Trump.
● DOGE added 5% and ADA jumped 4%, while ether (ETH), BNB Chain’s BNB, xrp (XRP) and Solana’s SOL gained 2%-3%. The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens, rose 2.2.
● In a social media post late Wednesday, Trump said the U.S. will unveil a “big” trade deal with a “highly respected country” at a press conference slated for 10 a.m. ET. Bloomberg, the Financial Times and New York Times all identified the country as the U.K.
● The announcement would mark the start of “many” such deals, Trump added, raising speculation that months of tariff-fueled uncertainty is set to ease, possibly reviving risk appetite across global markets.