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Cryptocurrency Market News Live Updates Oct 10th: Layer 1 Coins On Red Flag

Cryptocurrency Market News Live Updates Oct 10th: Layer 1 Coins On Red Flag thumbnail

Cryptocurrency Market News Live Updates Latest News: the Federal Open Market Committee will release its September meeting minutes for U.S. inflation data on Thursday. However, in fear of a higher interest hike in November, the majority of major cryptocurrencies are losing more ground.

The Bitcoin price currently trades at $19303, with an intraday loss of 0.68%, whereas the smart contract giant Ethereum trades at $1309 and shows a 1.06% drop.

Uncertainty Increases Choppiness In Layer 1 Blockchain Tokens 

Solana (SOL)

The SOL/USDT pair has been wobbling in a narrow range from $35 to $30 for nearly a month. Furthermore, the price has been multiple times retested both barriers indicate the market participants’ lack of commitment to choose a particular side. The Solana price exchange hands at $32.57, with intraday loss of 1%.

Interested traders should avoid entering this no-trading zone. A breakout from either level will shoot a directional rally on the respective side.

Cardano(ADA)

The Cardano coin price is currently respondin

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