Crypto Investors Respond to Inflation
This is a US news story, published by CoinGape, that relates primarily to ETH news.
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Business & Economics
BTC, ETH, XRP Price Prediction: 3 Things to Expect as US Inflation Data Triggers $99 Billion Demand in 7 Days
78% Informative
Bitcoin (BTC), ETH ( ETH ), and Ripple (XRP ) in recovery as US CPI and PPI triggers $ 99B surge in market capitalization.
Markets anticipate three US Fed rate cuts in 2025 , which could boost liquidity and strengthen the crypto market.
Bitcoin price forecast charts shows BTC trading at $ 84,312 , up 0.39% on the day , as it attempts to reclaim key resistance levels.
XRP price surged to $ 2.5 on Saturday , marking a 30% gain over the past four days fueled by improving macroeconomic sentiment.
ETH price forecast chart is showing signs of potential recovery, but resistance near $ 2,330 could cap its upside in the near term.
ETH has been struggling to gain traction above the mid-range of the Donchian Channel , currently at $ 2.297 .
The ongoing downtrend suggests that a retest of the lower boundary at $ 1,754 remains a possibility if bullish momentum fails to strengthen.
A more dovish Fed policy tends to increase liquidity in financial markets, which historically benefits risk assets like cryptocurrencies.
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