Myriad Moves: Traders Flip on Gold vs Ethereum, Solana Sentiment Sinks

Traders are shifting their predictions, now believing gold will reach $5,000 before Ethereum, as the latter's price slides to approximately $3,181, marking a significant decline from its previous highs. Gold has risen recently, trading at $4,173. Meanwhile, sentiment around Solana has also soured, with predictors giving it only a 10.4% chance of hitting a new all-time high this year, down from 65% just weeks ago. The broader cryptocurrency market is facing a downturn, with Bitcoin falling below the $100,000 mark multiple times, as investor sentiment weakens due to macroeconomic concerns. Predictions surrounding potential rate cuts by the Federal Reserve have added further uncertainty to the market. The upcoming FOMC meeting on December 9 and 10 could be pivotal for financial markets, as traders anticipate clarity on policy decisions regarding interest rates.

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