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Showing posts with the label institutional interest

XRP is up 160% this year; Will it reach an all-time high in 2025?

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XRP has been one of the standout performers in the cryptocurrency market in 2024, soaring 160% year-to-date. Currently trading at $1.66, the token has gained 12% in the past 24 hours and 17% over the past week, sparking speculation about whether it can surpass its all-time high of $3.84 by 2025. XRP seven-day price chart. Source: Finbold Notably, in a TradingView Analysis on November 29, analyst RLinda suggested that XRP may be gearing up for a major breakout. Picks for you Ripple to unlock 1 billion XRP on December 1 – Should investors be worried? 58 mins ago Putin signs law recognizing Bitcoin and crypto as Property 2 hours ago R....

Bitcoin Boom or Bust? Fed Rate Decision Could Change Everything!

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Bitcoin prices sit near $58,000 as markets await the Federal Reserve’s rate decision. BTC has also seen wild swings lately, as did almost the entire market. Mining profits are down, even as network computing power rises. Let’s dive right in and explore this topic further. Scroll down for more info! Also Read: Shiba Inu (SHIB) &, Dogecoin (DOGE) Price Prediction For September End 2024 Navigating Bitcoin’s Future: Fed Rate Decision, BTC Mining, and Price Trends Fed Rate Cut Looms Large The Federal Reserve will likely cut interest rates on September 18, which is tomorrow. CME Group data has shown a 62% chance of a 0.5% cut. Jonathan de Wet from Zerocap believes in a bigger cut. He said, “Given the Fed has waited this long for the initial cut, Zerocap is in the 50 bps camp, as opposed to backing the more conservative call of 25bps.” Bitcoin Price Projections Diverge Experts disagree on Bitcoin’s short-term price after the Fed decision. De Wet sees a possible r...