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Can XRP Outperform Bitcoin in Bullishness? Analyst's XRP Coin Comment Raised Question Marks! Comments made by analysts on #XRP , one of the biggest unknowns of cryptocurrencies, always attract attention. While some analysts predict, perhaps a little too optimistically, that the cryptocurrency may rise to $5, others seem to have their sights set on $1. In the midst of all this, world-famous trader Peter Brandt made an important statement about XRP and made investors nervous. Peter Brandt, one of the experienced names in the market, emphasized that XRP may lose value against Bitcoin (BTC) while its parity continues to move towards all-time lows. Brandt shared a tweet expressing his views on the X platform. He noted that the xrp/BTC pair is in danger of falling below its long-term low range. While Brandt mentions that XRP is likely to have more potential upward price movement than #BTC throughout the remainder of the ongoing market cycle, he also states that the “burden of proof” is still on XRP. According to Brandt, there has been a downward trend in the XRP/BTC parity since 2017. BTC is trading at $61,534 as of writing time. BTC, which is unquestionably at the top in terms of market value, appears to have decreased by approximately 2.27% in the last 24 hours. BTC's market cap remains just above $1.2 trillion. The 24-hour transaction volume calmed down a bit after the sharp rise seen yesterday and rose to 28 billion dollars after a 5% increase. On the other hand, when we look at the price of XRP, it is traded at $ 0.504. Based on this price, it ranks 7th on the CMC list with its market volume of 27.9 billion dollars. $BTC $XRP
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How Will Tomorrow's US CPI Data Affect Bitcoin? Analyst Announces BTC Price Prediction for Both Scenarios. Investors are waiting for the April consumer price data to be announced. The Consumer Price Index (CPI), an important indicator of inflation, is expected to show an improvement compared to March. However, if the data reveals unexpected shocks, the price of Bitcoin, the world's largest cryptocurrency, could fall as much as 13% to $53,000, according to a report by digital asset trading company Zerocap. “An unexpectedly high #CPI could trigger a media frenzy and lead to short-term declines in risk assets given current concerns about stagflation,” Zerocap warned in its report on Monday. Zerocap, on the other hand, added that it could push Bitcoin back to $65,000 if data shows hopeful signs that inflation is cooling. Crypto enthusiasts are expected to examine #CPI data for any indication that inflation is continuing or decreasing. According to analysts, a decline in inflation could prompt the #FED to lower interest rates, which could benefit riskier assets such as Bitcoin by lowering the cost of borrowing and therefore investment. Markets are expecting a rate cut in September after employment and wages in the US were lower than expected the previous month, investment giant BlackRock said in its market report on Monday. Despite short-term uncertainties, the long-term outlook for the U.S. economy remains positive, according to David Brickell, head of international distribution at #FRNT Financial, and Chris Mill, a former forex trader. “Given the emerging macro dynamic, it is not a question of if we will make new highs for Bitcoin, but when,” he wrote in the “Connecting the Dots” newsletter. they wrote. $BTC $ETH
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Ethereum (ETH) Founder Buterin Invested in This Crypto Project! Blockchain-based betting site Polymarket announced today that it has raised $70 million in investment in two financing rounds with the participation of #Ethereum (ETH) co-founder Vitalik Buterin. In the Series B financing round in which Buterin participated, Eventbrite co-founder Kevin Hartz, crypto venture fund Dragonfly and Founders Fund, co-founded by billionaire Peter Thiel, also invested. Prior to this, they also completed a $25 million Series A financing round in which Airbnb co-founder Joe Gebbia participated, Polymarket said in a press release. Polymarket's founder, Shayne Coplan, said the following in his recent statement: “Market-based predictions will inevitably become an integral part of the way we follow the news and find the truth. “Many people rely on Polymarket to keep up with important current events.” Ethereum founder Buterin previously participated in a 2018 seed funding round for StarkWare, creators of Ethereum scaling solution #Starknet (STRK). Last year, the Ethereum co-founder also participated in a seed funding round for Nocturne, a protocol that enables private accounts on Ethereum. $BTC $ETH
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Billionaire Crypto Bull Mike Novogratz Announces Price Prediction for Bitcoin, Ethereum and Solana. Mike Novogratz, founder of digital asset financial services company Galaxy Digital, predicted that #Bitcoin will remain in a relatively narrow trading range between $55,000 and $75,000 for at least the current quarter. Novogratz said during a conference call after the firm's first-quarter results were announced: “We are in the consolidation phase in crypto. #Bitcoin , #Ethereum and everything else, plus Solana will consolidate. What does it mean? “Next conditions likely mean somewhere between $55,000 and $75,000 until the next market events push us higher.” “I think we're probably at that point this quarter, maybe next quarter, until the Fed starts lowering interest rates as the economy finally slows down or we get through the elections, and I think the elections will bring some clarity to the crypto regulatory landscape one way or another.” Novogratz said that the adoption of crypto in traditional finance is in full swing and interest in the sector is growing again, evident in the increase in activities such as lending. “People are willing to lend us crypto unsecured for a long period of time, which didn't happen six months ago and is happening now,” Novogratz said. $BTC $ETH $SOL
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Why is Bitcoin (BTC) price rising today? The price of Bitcoin (BTC) made a positive start to the new week, rising by approximately 3 percent to over $63,260. . Several important factors pushed the Bitcoin price up today, including the entry of Japanese company Metaplanet into the cryptocurrency industry. Additionally, the expectation that long-term holders will increasingly dominate the Bitcoin supply in the coming months has further boosted investors' confidence. Metaplanet, a Tokyo-listed investment firm, purchased 117.7 BTC worth approximately $7.19 million to hedge against Japan's mounting debt woes and yen volatility. This move is likened to MicroStrategy's move in the United States. “Metaplanet has adopted Bitcoin as a strategic reserve asset,” the company said in a May 13 press release, adding: “This development is a direct response to economic pressures in Japan, particularly high levels of government debt, prolonged periods of negative real interest rates and the resulting weak yen.” These factors contribute to the broader narrative of Bitcoin as a hedge against financial and monetary instability, further reinforced by its decreasing volatility over the years. Bracebridge Capital, a Boston-based hedge fund that oversees approximately $12 billion in assets, attracted attention with data on spot Bitcoin ETFs recently launched in the United States. The fund reportedly owns $262 million worth of Ark 21Shares #Bitcoin ETF (ARKB), $81 million worth of BlackRock's iShares Bitcoin Trust (IBIT) and $20 million worth of Grayscale Bitcoin Trust' (GBTC) shares. $BTC $ETH $SOL
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