Overnight, Bitcoin’s value increased by 3%, with market participants anticipating the forthcoming announcement on interest rates from the U.S. Federal Reserve, which is scheduled for Wednesday. There is optimism that the U.S. Federal Reserve will maintain the current interest rates, with expectations that remarks by Fed Chairman Jerome Powell may suggest a potential reduction in the rates in the future. Presently, Bitcoin’s trading value stands at $0.00012473,439. It has increased by 11% compared to the previous week. Last week, Bitcoin encountered challenges when investors of Grayscale Bitcoin Trust (GBTC), who gained access to their shares after the fund transitioned into a spot Bitcoin Exchange-Traded Fund, started to liquidate their holdings. Upon the sale of the shares, the issuer disposed of significant portions of the Bitcoin underpinning those shares, leading to considerable downward momentum in Bitcoin’s market value. However, CoinShares, a European manager of digital assets, has indicated that there are indications that the pace at which GBTC is being sold off is decelerating. Despite this, last week saw cryptocurrency funds experience a loss of $500 million due to investors pulling out their money. Concurrently, SOL, which is the primary cryptocurrency of the Solana network, opened the trading day with a price of $104.23, surpassing the $100 threshold for the first time since January 18. To sum up, Solana has experienced a 6.9% increase in value over the last 24 hours, coinciding with a spike in trading activity on Jupiter, a liquidity aggregator and decentralized exchange, which is experiencing heightened activity in anticipation of its upcoming JUP token airdrop. Almost one million wallets are qualified to receive the new token from the start of January 31. Members of the JUP community have been anticipating the decentralized exchange to schedule the distribution of its airdropped tokens for quite some time.