Meanwhile, Solana (SOL) has broken the psychological $200 threshold and could play catch-up with its two most prominent rival if the Federal Reserve delivers what the market expects today.
The U.S. central bank should cut rates by 25 basis points during this week’s FOMC meeting – or at least that’s what the majority of analysts surveyed by FedWatch believe.
The market has retreated ahead of this important gathering. Nevertheless, market conditions remain quite favorable for cryptos as a whole.
Now that Bitcoin (BTC) has set a new record, everything seems to indicate that altcoins will start to dominate the scene and could deliver the highest upside potential. The market cap of tokens in this category has reached $1.7 trillion and now accounts for almost 43% of the combined value of all cryptos.
