XRP Coin continues the day with an 11 percent increase and BTC reached 99 thousand dollars again. It means an increase of 10 thousand dollars from the last peak. Now, if it can maintain this level, we can see bigger peaks. Moreover, Trump will officially take office days later and is expected to issue rapid decrees regarding cryptocurrencies. So what do the experts say?
Cryptocurrencies Latest Status
BTC It is above $99,000 and many altcoins continue the day with losses of over 5 percent. However, they are not yet at the prices they were at when the $108 thousand drop occurred. The rapid fluctuation in BTC price allowed them to see bigger bottoms. Of course, there are exceptions such as XRP Coin.
The latest inflation report from the Bureau of Labor Statistics released today says the CPI rose 0.4% monthly. A 4.4% rise in gasoline was responsible for nearly 40% of the increase. The 2.6% increase in overall energy prices supported this. Considering that energy prices can be balanced more easily while food prices increase more slowly, we can say that hopes for inflation are still alive.
The increase in housing prices represents the smallest one-year increase since January 2022.
Experts’ Cryptocurrency Predictions
$98,500 BTC Its retention on the front fuels hopes for further increases. However, the rapid return in altcoins is positive for risk appetite. At the time of writing, US stock markets opened with an increase. Mustache is altcoins By sharing the TOTAL3 chart for , he mentioned that the rise in cryptocurrencies with smaller market value could gain momentum.
“Break Falling Wedge is okay, RSI is below 30 and supportive. Retest the Falling Wedge + Reverse Head and Shoulders formation.
The best phase of the entire cycle begins when the yellow breaks. Leave all the bears behind and move on to new heights.”
altcoins Other hopeful statements came from Jelle.
“altcoins Looks ready for price discovery! The trend line has been successfully crossed and retested – there is little standing in the way of new all-time highs. Play time kids, everything will rise.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
