Cardano Bulls Eyeing Break Above $0.2132 Amid Fed Hike Fears

Cardano's price remains bullish despite a packed week of market-moving events. The asset is trading at $0.20814, up 2% from yesterday.

The CLARITY vote, Federal Reserve rate hike expectations, and Bank of Japan announcements will likely influence the cryptocurrency markets this week.

According to a survey cited by LuckSide Crypto, 16 out of 20 major Wall Street banks expect a Fed rate hike. Meanwhile, Cardano has seen significant developer activity, with 3,061 commits in the past 30 days, placing it third among major blockchains.