Important Developments and Predictions in the Cryptocurrency Market
Bitcoin did not experience a major drop as expected after the last halving event. While halvings can usually cause significant changes in the value of a cryptocurrency, this time Bitcoin remained stable at $65,000. On the other hand, altcoins started the day with an increase and gained positive momentum. However, this week is expected to have a significant impact on the cryptocurrency market.
In the coming week, various important events are expected to influence the cryptocurrency market. The response to the SEC's lawsuit against Ripple, the unlocking of various companies, and the release of earnings reports of several large companies could have a significant impact on the market. Apart from that, macroeconomic developments and global financial reports can also influence the direction of the crypto market.
Significant developments are expected in the coming weeks, especially for Ripple and the XRP coin. Ripple's lawyers' response to the SEC and the outcome of this process could have a direct impact on the value of XRP. Additionally, financial reports of large companies such as Tesla and META can have an indirect impact on cryptocurrencies. In particular, macroeconomic indicators such as PCE data will determine the cryptocurrency market in the context of Federal Reserve policy.
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