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Price analysis 2/5: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE

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Bitcoin price is range bound, and even though altcoins are rallying, the strong U.S. dollar could act as a significant barrier.

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Coin Market

US interest rate cut in December rises to 74.5% probability: Fedwatch

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CME FedWatch shows the market is expecting the Federal Reserve to cut rates by 25 basis points this month, which would be the third cut this year.

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Coin Market

Sonic Labs says its layer-1 blockchain will go public ‘soon’

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The Sonic blockchain is a new, separate chain to the Fantom Opera network and users will soon be able to swap their FTM tokens for “S” tokens at a 1:1 ratio.

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Coin Market

Nike-owned NFT wearables RTFKT to sunset in January

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The Nike-owned company received investment funding from Andreessen Horowitz during the peak of NFT summer in 2021.

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