After reaching close to $100,000 yesterday, Bitcoin’s price has experienced yet another setback, falling below $96,000 today. The same goes for other cryptocurrencies like Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), Chainlink (LINK), Shiba Inu (SHIB), and several others which are trading deeply in the red zone. The sharp drop in Bitcoin’s value occurred due to the recent U.S Federal Reserve’s monetary policy decision. However, despite this volatility, Bitcoin’s long-term outlook remains positive with its market capitalization surpassing $1.9 trillion and continuing to dominate the alternative coins. In contrast, altcoins continue to struggle, with some even experiencing double-digit percentage drops in their prices.
Source
Source: cryptopotato.com
