{"id":25529,"date":"2025-05-07T08:02:29","date_gmt":"2025-05-07T08:02:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25529"},"modified":"2025-05-07T08:02:29","modified_gmt":"2025-05-07T08:02:29","slug":"bitcoin-sees-selling-at-97k-cardanos-ada-leads-majors-gains-ahead-of-fomc-meeting","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25529","title":{"rendered":"Bitcoin Sees Selling at $97K, Cardano\u2019s ADA Leads Majors Gains Ahead of FOMC Meeting"},"content":{"rendered":"
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Bitcoin surged above $97,000 late Tuesday, then slid to $96,500 in Asian hours Wednesday as India conducted airstrikes in parts of Pakistan to intensify tensions from the past few weeks.<\/p>\n

A planned meeting to discuss U.S. and China tariffs sent risk assets higher in the hours since the U.S. stock market closed on Wednesday, as reported<\/a>, but those gains reversed as news of India\u2019s \u201cOperation Sindoor\u201d emerged in the early hours.<\/p>\n

Traders expect to see more volatility in the days ahead as the regional tussles further damage risk-taking sentiment among traders, though eventually leading to a move higher as bitcoin is perceived as a hedge.<\/p>\n

\u201cVolatility in the markets is soaring as bitcoin surges to $97K from the intensifying conflict between India and Pakistan,\u201d Nick Ruck, director at LVRG Research, told CoinDesk in a Telegram message. <\/p>\n

\u201cThis is in addition to plans by the US and China to discuss a trade deal this week. This upward movement came as a surprise, as investors were de-risking positions ahead of a decision by the Fed about changing interest rates. Geopolitical uncertainty and macroeconomic volatility may send Bitcoin to new highs as a hedge against greater market risks,\u201d Ruck added.<\/p>\n

Cardano\u2019s ADA led gains among majors with a 3% bump in the past 24 hours, adding to gains from Tuesday. Dogecoin (DOGE), XRP, BNB Chain\u2019s BNB and ether (ETH) added less than 2%, while legacy tokens Bitcoin Cash (BCH) and Litecoin (LTC) surged as much as 10%.<\/p>\n

The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market cap, added nearly 2%.<\/p>\n

Meanwhile, some traders said bitcoin\u2019s surge in the past weeks was coupled with a spike in active addresses \u2014 a metric of wallet activity that some consider a sign of oncoming volatility.<\/p>\n

\u201cBitcoin\u2019s recent rally to the $87,500\u2013a spike in active addresses backs $97,500 range (now at a 6-month high) pointing to rising demand and renewed network activity,\u201d Ryan Lee, chief analyst at Bitget Research, told CoinDesk in a Telegram message.<\/p>\n

\u201cThis surge supports a bullish case for a potential breakout toward $100K, though confirmation depends on multiple indicators aligning,\u201d Lee said, mirroring separate analyst commentary<\/a> from the past week.<\/p>\n

\u201cTraders should also monitor macro conditions, Bitcoin dominance, currently nearing the 55% mark, and rising hash rates. Meanwhile, Ethereum trades in a narrower $1,600\u2013$1,900 range, still lagging behind BTC\u2019s momentum, with sentiment more muted amid fewer catalysts and cautious capital rotation into altcoins,\u201d Lee added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin surged above $97,000 late Tuesday, then slid to $96,500 in Asian hours Wednesday as India conducted airstrikes in parts of Pakistan to intensify tensions from the past few weeks. A planned meeting to discuss U.S. and China tariffs sent risk assets higher in the hours since the U.S. stock market closed on Wednesday, as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25529","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25529"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25529\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}