Cardano’s ADA experienced an 8% decline as Bitcoin’s value slipped to nearly $93,000. This drop was influenced by a stronger-than-expected U.S. service sector report, with the ISM’s prices-paid measure hitting its highest since early 2023. Over the past week, major cryptocurrencies like ADA, Solana’s SOL, BNB Chain’s BNB, and Ether (ETH) fell nearly 10%. The broader CoinDesk 20 index, tracking the largest tokens, dropped 2.87% in the last 24 hours, following a 7% plunge on Wednesday. Options on the S&P 500 now show greater downside risk than a year ago, potentially dampening the prospects for risk assets like Bitcoin. Investors are closely watching the upcoming FOMC and NFP releases, which could significantly influence Bitcoin’s price trajectory. The NFP report, which excludes farm jobs, provides insights into U.S. job creation, affecting expectations for interest rate changes.
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![THIS BITCOIN, SOL, ETH XRP & CARDANO DUMP IS NOT AS IT SEEMS! [Reason why we dumped...]](https://i.ytimg.com/vi/txBaoBuYINU/mqdefault.jpg)
