Ripple just scored the big win it had been waiting for, while the Federal Reserve played it cool by keeping interest rates unchanged.
After last week's rollercoaster of plummeting prices hitting multi-month lows, this week started on a much calmer note. But don't let the gentle waves fool you—there was plenty of action beneath the surface.
The weekend was a snooze-fest for Bitcoin, lounging at around $84,000, except for a Sunday evening drama when a whale tried to stir the pot with a short position. The crypto community attempted to liquidate them, but no dice. The first real shake-up came on Tuesday when Bitcoin took a nosedive to $81,000 but managed to catch itself.
Then came Wednesday and Thursday with Bitcoin on the offensive. The Fed's decision to keep interest rates steady created some ripples, but then came the bombshell: Ripple's CEO Brad Garlinghouse announced that the drawn-out lawsuit with the SEC is finally over as the regulator backed down from its latest appeal.
Bitcoin took off like a rocket, hitting over $87,000 during the Thursday morning Asian session—its highest in two weeks. But the fireworks were short-lived, and it dropped back to $84,000 almost immediately.
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As of now, Bitcoin is chilling at $84,000, boasting a market cap of $1.650 trillion and holding 58.5% dominance over altcoins. While Bitcoin's week is slightly in the red, other coins like SOL, ADA, DOGE, and PI took harder hits. On the flip side, BNB and TRX are climbing, and TON is on a tear with a 24% rise thanks to Durov’s passport retrieval.
Market Snapshot: Total Market Cap: $2.832T | 24H Volume: $80B | BTC Dominance: 58.5% BTC: $83,850 (-1.11%) | ETH: $1,957 (+1.85%) | XRP: $2.37 (+0.7%)
To the Moon or Down the Rabbit Hole? Bitcoin’s next big move has analysts buzzing. Ali Martinez has painted two scenarios: a dip to $44,000 or a meteoric rise past $110,000—place your bets!
Did Someone Have a Crystal Ball? XRP whales seemed to have insider intuition, amassing XRP just before Ripple’s courtroom victory against the SEC.
Ripple's CEO has big dreams for XRP, envisioning it as part of the US crypto strategic reserve and keeping the door open for a potential IPO in the States.
Do US Interest Rates Really Shake the Crypto World? While recent meetings didn’t alter rates, history shows these decisions can jolt Bitcoin’s price. Curious about the long-term impact? Dive deeper to find out.
Are We in a Bitcoin Bear Market? Industry heavyweights, including CryptoQuant’s CEO, are hinting that the Bitcoin bull run might be taking a breather. Another analyst weighs in with some telling metrics.
Binance keeps its promise of transparency, maintaining over 100% reserves for more than two years, proving its resilience post-FTX drama.
We’ve got an in-depth chart analysis for Ethereum, Ripple, Cardano, Toncoin, and Solana. Stay tuned for more insights!
