That monthly Consumer Price Index report showing a US inflation rise to 2.9% is expected to bring in a growth in the cryptocurrency market.

Such low inflation numbers translate into very slow inflation, so the investors find themselves drawn toward some other asset class instead of traditional. With Bitcoin being branded the new "gold," it serves as a perfect hedge against decreasing value, especially at the backdrop of possible dollar depreciation.

Moreover, expectations of shift to soft rates in the FRS policy have stimulated appetite for risk assets, including cryptocurrencies. Investors see Bitcoin as an inflation hedge and an interesting long-term investment tool.

$XRP has reached the market capitalization of over $160 billion and has become the third-largest asset, surpassing USDT and BNB, and the price has risen above $2.8.

Why these growths?
1) The expectation of a positive outcome in the SEC appeal against Ripple is helping in the rise in the price of XRP.
2) The launch of the RLUSD stablecoin pushed XRP to $2.8.

Analysts are forecasting increase in the price of XRP. Some of them even predict that it will reach $3.56, which is 36% increase from the current price.

XRP's growth is really fueled by the expectation of a good outcome of the legal battle and by new products that Ripple develops. Given that other factors remain positive, the price of XRP is very likely to rise in the future.

$XRP soaring has happened in the past two days and has attracted the interest of investors.

Top three contributing factors:
1. Court rulings revealing favorable sentiments toward Ripple and speculation over a possible settlement with the SEC have been generally seen to have rebuilt investor confidence in XRP.
2. Speculation that an ETF for XRP may obtain SEC approval has an interested market for this cryptocurrency.
3. A notable uptrend has been observed in open interest in the futures market for XRP.

Should this trend still favor XRP, its price in the coming weeks could touch the $3 mark. Having said that, it, however, wouldn't hurt to remember that price volatility cryptocurrencies will always be an issue for investors.

Watch the markets regularly and Ripple-specific and crypto-general updates should regularly be referred to. Invest only the sums you could bear to lose-given the drastic volatility which crypto exhibit. Always try to diversify one's exposure over more than one asset.

Again, cryptocurrency upheaval is quick! Thus it would be best if you'll make sober arrangements and adjustments.

With a spike of 3.5%, the volatility noticed in Bitcoin has increased in recent days.

While the rate dynamics were characterized by technical factors, not fundamental ones, given the breakout of crucial resistance levels, it encouraged traders into action.

But for now, the cryptocurrency market remains very volatile. Investors have to closely watch for news and assess against possible risks in making any decision.
$BTC

Volatility has rattled the cryptocurrency markets for the last couple of days. The current market correction comes after the liquidation and decrease capitalization period when the equities were just about returning to their June and July 2024 levels. As of 10 January 2025, $BTC trades at around $95K, with $BNB at around $695 and $SOL at around $190.

There are several factors behind the recent volatility in the markets:
1. Payrolls Reports from the U.S.: The last NFP report showed that 256000 jobs were added in December, eclipsing expectations of 153000, while unemployment dropped to 4.1% from 4.2% in November. The strong jobs reports had an impact on investor sentiment that increased volatility across traditional and crypto markets.
2. Rising Bond Yields: The rise in Treasury yields has pressured risky assets such as cryptocurrencies. Recently, 10-year Treasury yields rose to 4.793%, the third-highest its been since November 2023, forcing correction in the market and weighing down on crypto prices.
3. Market Technicals: Analysts are pointing to a shoulder-head-shoulder formation for Bitcoin, which could indicate that a bull trend is weakening and ready to turn into a bear trend. Should Bitcoin fall through its neck support around $90K, it is vulnerable to slipping to the $80K range.

Such events are very important and should be paid attention to by the investors as they play a big role in deciding market dynamics. One also ought to be informed and cautious in venturing into such a space in the current crypto scene.
#NFPCryptoImpact

Interest in cryptos cooled down considerably yesterday. The market candles were red. It looked like the blood of the hamsters was dripping down the charts. Many digital assets have now entered a stable price zone, suggesting the formation of support levels after the recent drop.

Soon, it seems like there could be a formation of recovery. It would be wise to consider reinvestment here, especially if you had been able to lock in gains at recent market tops.

Top Picks Right Now:
• Solana $SOL : This coin did lose quite a bit of its value rather abruptly but still stands firm; among the better projects, this kept growing, showing potential as a long-term holding based on its strong fundamentals and ecosystem growth.
• Binance Coin $BNB : BNB is always in demand due to its utility in the Binance ecosystem. Even in times of market correction, it tends to be a pretty stable asset for traders and investors. In addition, when the next Binance Launchpool starts, the demand for BNB will definitely increase, as will its value, and it is also a good opportunity to earn new tokens.

The market may be bleeding, but history has shown that red candles most often precede a resurgence. Keep yourself informed and make the right moves—opportunities arise where fear dominates.

#pumpiscoming #pumpingsoon