After a stellar run so far this year, major cryptocurrencies including Bitcoin (BTC-USD) and Ethereum (ETH-USD) are giving back some of the gains.
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BTC has dropped 2.5% below the crucial $30,000 mark to $29,509 today. ETH too is down 0.59% to $2,081 today.
The crypto market remains buoyant with optimism as traders eye more gains over the coming periods. A healthy bout of profit-taking at the current levels and sustained price action near the $30,000 level could mean the next leg of the rally in the coming weeks.
At the same time, the next action of the U.S. Fed in May is a key event for market sentiment as well as for cryptocurrency enthusiasts globally.
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