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Bitcoin Surges Ahead of XRP, Ethereum, and Cardano Amid Dollar Decline Following Fed Independence Concerns
Bitcoin Surges Ahead of XRP, Ethereum, and Cardano Amid Dollar Decline Following Fed Independence Concerns
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Cryptocurrency markets experienced a notable rally as Bitcoin spearheaded gains among major digital assets including XRP, Ethereum (ETH), and Cardano (ADA). This upward movement coincided with a sharp decline in the US dollar, driven by growing market apprehensions over potential threats to Federal Reserve independence. Investors appear to be rotating into crypto assets as hedge instruments against fiat currency volatility, with BTC’s dominance reflecting its continued status as a market bellwether. The altcoin market followed Bitcoin’s lead, suggesting sustained risk appetite in digital asset markets despite macroeconomic uncertainties surrounding central bank policies.
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