BTC and SOL Continue To Chop Along

Group 1: Cryptocurrency Market Overview - The cryptocurrency market remains volatile following the last FOMC meeting, with Bitcoin (BTC) trading between $89k and $93k, experiencing significant price swings [1] - A recent drop wiped out over $130 million in long positions, indicating the market's choppy nature [1] - The Federal Reserve's hawkish stance is expected to keep the market in sideways movement for the near term, with upcoming macroeconomic reports like CPI and NFP potentially influencing market direction [1] Group 2: Altcoin Performance - Solana (SOL) has seen a 2% decline, mirroring the volatility of other major cryptocurrencies, despite reaching a local high of nearly $145 earlier in the week [2] - The Breakpoint conference did not generate the expected interest in Solana, and SOL currently has higher funding rates of 10-11% annualized across exchanges [2] - The options market shows a strong bias towards puts, indicating market expectations for further downward price action as open interest favors puts [2]