Analysts believe the new week will be crucial for the crypto market.
Indicators suggest Bitcoin has yet to exhaust its bullish potential in the current cycle.
Bitstamp will integrate the XRP Ledger in its new derivatives exchange.
Crypto analysts are closely watching the Federal Reserve’s upcoming interest rate decision, believing it could significantly impact cryptocurrency prices.
On the Thinking Crypto podcast, the host highlighted how a rate cut could urge investors to take on more risk, potentially boosting crypto investments.
Financial analysts predict a Fed interest rate cut of either 50 or 25 basis points. Such a move could trigger an “easy money cycle,” making borrowing cheaper and potentially fueling a rise in the price of risky assets like cryptocurrencies.
A BTC Dump Could Precede the Next Bull Run
While anticipating a bullish crypto market, the analyst also predicted increased volatility among the digital assets that could lead to massive dumps leading to price dips ahead of the expected bull run. Bitcoin could dip below $50,000, perhaps even reaching $46,000, before rebounding.
However, several indicators, including the Pi Cycle Top …
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