Bitcoin (BTC) stabilizes above $118,000 at the time of writing on Thursday after rallying over 5% so far this week. The upward trend strengthens as market participants price in an over 99% chance that the US Federal Reserve (Fed) would lower borrowing costs on October 29.
Ripple (XRP) declines for two consecutive days as weak sentiment prevails in the broader cryptocurrency market. The cross-border token is testing support at $2.70 at the time of writing on Friday, amid concerns that the downtrend may continue ahead of the weekend.
Solana (SOL) reached a seven-month high of $228 on Thursday after Forward Industries (FORD) announced the completion of a $1.65 billion private investment in public equity (PIPE) deal to establish a SOL treasury.