Home » Business » Cryptocurrency Market Update and Federal Reserve Meeting: Cardano Up, BNB Down, Solana Suffers Major Losses

Cryptocurrency Market Update and Federal Reserve Meeting: Cardano Up, BNB Down, Solana Suffers Major Losses

Screenshot from WhiteBIT.com

In the top 10 most capitalized cryptocurrencies, the best result for the day was recorded by Cardano (+1.08%). BNB lost more actively than others (-5.18%). Solana had the biggest losses (-30.31%).

Also, as of the morning of June 12, Ethereum (ETH) is trading at $1.739, USDC – 0.9984, WhiteBIT Token (WBT) – 4.66.

It should be noted that a meeting of the Federal Reserve System will be held in the US this week. In this regard, analysts expect increased volatility in the cryptocurrency market in the second half of June.

At the same time, the corresponding global bank JPMorgan foresees in its study that retail demand for bitcoin will remain high until April 2024.

Recall that earlier RBC-Ukraine wrote that WhiteBIT launched a test network of its own blockchain.

We also published instructions on how to quickly and safely buy the most popular cryptocurrency in the world – Bitcoin.

Read urgent and important messages about the war of Russia against Ukraine on the RBC-Ukraine channel at Telegram.

2023-06-12 08:56:27
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