Cryptos decline, FED decision expected

The crypto market as a whole is bearish, with most of the top 100 coins in the red at the time of writing. Investors await the Federal Reserve’s likely decision to raise interest rates by half a point.

Top Cryptos

Bitcoin is seen as at risk of crashing as price momentum slows. The largest cryptocurrency by market capitalization was recently trading at around $38,000, relatively stable over the past 24 hours.

Ethereum was trading for around $2,800, down slightly today. Most other major cryptos were in the red, but not by much. Solana lost around 1%, and Cardano and Avalanche each lost 2%.

Crypto.com’s CRO gained more than 2%, showing signs of potential recovery after a steep decline of more than 15%. He faced backlash from the community after cutting interest rates.

Top Movers

Outside the top 20, TRON’s TRX is up 5%, bringing its total gains for the week to 17%. Tomorrow is the official launch of USDD, a stablecoin that will become available on the Tron blockchain.

The network promises that USDD will propel stablecoins into a new era where algorithms and mathematics lay the foundation for financial stability and accessibility in a decentralized way.

TRX is about to break the top 20 (currently ranked at 21) and the $1 price for 1 TRX. Monero, the top privacy coin, added 3% to its value today, as did STEPN’s GMT.

STEPN is revolutionizing health and fitness. Today, his Genesis NFT collection will be dropped on Binance. The network hopes to attract more active users to BSC and grow the ecosystem accordingly.

Curve DAO Token and Convex Finance, a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without putting liquidity on it, are among the winners today. They are up 8% and 2%, respectively.

Curve DAO Token (CRV) formed an ascending broadening wedge two days ago, which preceded its gain. The whales are selling it short now, so the price might drop.

Finally, XDC Network gained 5% in a slight but steady rise since May 1, when they announced a contest hosted by Bitrue and DATACHAIN. They give $3,000 in DC$ and $500,000 in trial funds. The event ends on May 6.

Yearn Finance and 0x close out the list of winners, both up 3%.

Most of the top 100 coins, with the exception of the ones above, lost 2-4%. OKB lost 5%, reversing recent gains. Axie Infinity and ApeCoin each lost 6%. IOTA is the biggest loser, down 7% today.

Algorand’s ALGO jumped more than 20% daily after announcing that it would become FIFA’s official blockchain platform. Today it is down 6%.

Tendency

The biggest gainer today is CIX100, the Cryptoindex.com 100 token. Its price today is $0.18 and it is up 368% in the last 24 hours.

Cryptoindex.com intends to become a comprehensive crypto market resource offering current analysis and information, including easily accessible price quotes, crypto market news, real-time trading and information. on the order book.

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Cryptos decline, FED decision expected


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