Bitcoin Rises Ahead of Fed Decision; Cardano Emerges As Top Gainer

Bitcoin BTC/USD traded higher, with the cryptocurrency prices trading above the key $28,000 level on Wednesday.

Ethereum ETH/USD moved lower, but remained above the $1,800 mark this morning.

The Federal Reserve is scheduled to conclude a two-day policy meeting today, with markets expecting a 25 basis-point rate hike.

Cardano ADA/USD was the top gainer over the prior 24 hours, while Mask Network MASK/USD turned out to be the biggest loser.

At the time of writing, the global crypto market cap rose to $1.18 trillion, recording a 24-hour gain of 0.1%. BTC was trading higher by 1.1% at $28,360 while ETH fell by around 0.2% to $1,806 on Wednesday.

Here are the top ten crypto gainers and losers over the past 24 hours:

Gainers

• Cardano ADA/USD

Price: $0.3739
24-hour gain: 6.1%

• Algorand ALGO/USD

Price: $0.2289
24-hour gain: 5.6%

• XRP XRP/USD

Price: $0.4451
24-hour gain: 5%

• Chainlink LINK/USD

Price: $7.69
24-hour gain: 4.9%

• Bitcoin SV BSV/USD

Price: $37.60
24-hour gain: 2.6%

Losers

• Mask Network MASK/USD

Price: $5.13
24-hour drop: 8%

• Conflux CFX/USD

Price: $0.4059
24-hour drop: 7.2%

• XDC Network XDC/USD

Price: $0.04033
24-hour drop: 6.9%

• GMX GMX/USD

Price: $79.09
24-hour drop: 6.3%

• Lido DAO LDO/USD

Price: $2.35
24-hour drop: 6.1%

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