Top 3 Cryptocurrencies Very Close To Reclaiming All-Time High Prices
The cryptocurrency is making another upward attempt. Bitcoin (BTC) is once again testing the $105,000 level. The original crypto unsuccessfully tried to breach this price point last week. BTC is making another herculean effort to breach $106,000. The global crypto market cap has risen to $3.47 trillion.
Also Read: MSTR Slides as Strategy Bags 7,390 BTC, Faces Lawsuit, $1,800 Target Still In Sight
Cryptocurrencies Hold Ground
The crypto market faced a correction on Monday after Moody’s downgraded the US government’s creditworthiness based on its national debt. The move may have spooked investors and market participants.
Also Read: Grok Predicts What Genius Act Means For The Cryptocurrency Market
There is a chance that the Federal Reserve will cut interest rates in its next meeting. A rate cut could lead to a surge in cryptocurrency investments. A drop in interest rates will make borrowing easier. Such an environment could lead to a rise in risky investments.
Top 3 Cryptocurrencies That Reclaim Their All-Time Highs
1. Bitcoin (BTC)
BTC is the market leader, and other assets will likely not move unless BTC does. The original cryptocurrency is down by just 2.4% from its all-time high of $108,786. There is a high probability that BTC will rise to a new peak very soon.
2. Binance Coin (BNB)
Binance’s BNB token is another cryptocurrency that could rise to a new all-time high very soon. BNB is down by 17.3% from its all-time high of $788.84. The asset has a high chance of reaching a new peak, given that market conditions are favorable.
3. Ripple (XRP)
Also Read: Ethereum: AI Predicts ETH Price For The Next Six Months
Ripple’s XRP token could be in for an explosive rally sometime this year. The cryptocurrency had an incredible start to the year. XRP breached the $3 mark earlier this January for the first time in nearly seven years. XRP is currently down by nearly 30% from its all-time high of $3.40. The asset may hit a new all-time high if BTC continues its upward trajectory.
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Top 3 Cryptocurrencies Very Close To Reclaiming All-Time High Prices
The cryptocurrency is making another upward attempt. Bitcoin (BTC) is once again testing the $105,000 level. The original crypto unsuccessfully tried to breach this price point last week. BTC is making another herculean effort to breach $106,000. The global crypto market cap has risen to $3.47 trillion.
Also Read: MSTR Slides as Strategy Bags 7,390 BTC, Faces Lawsuit, $1,800 Target Still In Sight
Cryptocurrencies Hold Ground
The crypto market faced a correction on Monday after Moody’s downgraded the US government’s creditworthiness based on its national debt. The move may have spooked investors and market participants.
Also Read: Grok Predicts What Genius Act Means For The Cryptocurrency Market
There is a chance that the Federal Reserve will cut interest rates in its next meeting. A rate cut could lead to a surge in cryptocurrency investments. A drop in interest rates will make borrowing easier. Such an environment could lead to a rise in risky investments.
Top 3 Cryptocurrencies That Reclaim Their All-Time Highs
1. Bitcoin (BTC)
BTC is the market leader, and other assets will likely not move unless BTC does. The original cryptocurrency is down by just 2.4% from its all-time high of $108,786. There is a high probability that BTC will rise to a new peak very soon.
2. Binance Coin (BNB)
Binance’s BNB token is another cryptocurrency that could rise to a new all-time high very soon. BNB is down by 17.3% from its all-time high of $788.84. The asset has a high chance of reaching a new peak, given that market conditions are favorable.
3. Ripple (XRP)
Also Read: Ethereum: AI Predicts ETH Price For The Next Six Months
Ripple’s XRP token could be in for an explosive rally sometime this year. The cryptocurrency had an incredible start to the year. XRP breached the $3 mark earlier this January for the first time in nearly seven years. XRP is currently down by nearly 30% from its all-time high of $3.40. The asset may hit a new all-time high if BTC continues its upward trajectory.
Read More
Chainlink Finds Path to $30: Here’s What LINK Needs to Do