Top 3 Cryptocurrencies To Watch This Weekend
The cryptocurrency market continues its downward trajectory. Bitcoin has fallen to the $82,000 level. The global crypto market cap has dipped 3.1% in the last 24 hours to $2.75 trillion. The low prices could present a good entry point for many new crypto investors.
Also Read: Fitch Ratings Warn US Tariffs Could Lead to a Recession
Cryptocurrencies Suffer Amid Global Trade Wars
The crypto market dip comes after President Trump said the US would impost reciprocally tariffs on several countries from Apr. 2. Trump called it “Liberation Day” for Americans. The move seems to have rubbed investors negatively. According to CoinGlass, the cryptocurrency market faced $244.27 million in liquidations in the last 24 hours. Market participants may be weary about investing in risky assets.
Also Read: XRP Futures Underway? Coinbase Institutional Files With CFTC
Macroeconomic headwinds also present considerable challenges to the crypto market. The Fed has yet to announce an interest rate cut. The central bank may delay its rate cut for this year, given that more jobs than expected were created in March.
Let’s look at three crypto assets that you could watch over the coming weekend.
Top 3 Cryptocurrencies To Watch This Weekend
1. Ripple (XRP)
Ripple’s XRP has held steady above the $2 mark. The asset breached $3 for the first time in seven years earlier this year. With BTC falling below $83,000, there is a chance that XRP could dip below $2. It could be a great opportunity to buy the cryptocurrency for cheap.
2. Solana (SOL)
SOL hit an all-time high of $293.31 earlier this year. The cryptocurrency’s price has fallen by more than 60% from its peak. The low prices could present an excellent entry point for new investors. SOL has often recovered from its losses in the past. It will likely do the same once again.
3. Dogecoin (DOGE)
Also Read: Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It?
DOGE has struggled to gain momentum over the last few months. Despite the dip, the meme cryptocurrency could see new highs later this year. If X includes DOGE in its payment feature, the asset could hit a new all-time high. Many even anticipate the memecoin to finally breach $1.
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Top 3 Cryptocurrencies To Watch This Weekend
The cryptocurrency market continues its downward trajectory. Bitcoin has fallen to the $82,000 level. The global crypto market cap has dipped 3.1% in the last 24 hours to $2.75 trillion. The low prices could present a good entry point for many new crypto investors.
Also Read: Fitch Ratings Warn US Tariffs Could Lead to a Recession
Cryptocurrencies Suffer Amid Global Trade Wars
The crypto market dip comes after President Trump said the US would impost reciprocally tariffs on several countries from Apr. 2. Trump called it “Liberation Day” for Americans. The move seems to have rubbed investors negatively. According to CoinGlass, the cryptocurrency market faced $244.27 million in liquidations in the last 24 hours. Market participants may be weary about investing in risky assets.
Also Read: XRP Futures Underway? Coinbase Institutional Files With CFTC
Macroeconomic headwinds also present considerable challenges to the crypto market. The Fed has yet to announce an interest rate cut. The central bank may delay its rate cut for this year, given that more jobs than expected were created in March.
Let’s look at three crypto assets that you could watch over the coming weekend.
Top 3 Cryptocurrencies To Watch This Weekend
1. Ripple (XRP)
Ripple’s XRP has held steady above the $2 mark. The asset breached $3 for the first time in seven years earlier this year. With BTC falling below $83,000, there is a chance that XRP could dip below $2. It could be a great opportunity to buy the cryptocurrency for cheap.
2. Solana (SOL)
SOL hit an all-time high of $293.31 earlier this year. The cryptocurrency’s price has fallen by more than 60% from its peak. The low prices could present an excellent entry point for new investors. SOL has often recovered from its losses in the past. It will likely do the same once again.
3. Dogecoin (DOGE)
Also Read: Jim Cramer Calls Nvidia (NVDA) Stock a “Meme Stock”: Is It?
DOGE has struggled to gain momentum over the last few months. Despite the dip, the meme cryptocurrency could see new highs later this year. If X includes DOGE in its payment feature, the asset could hit a new all-time high. Many even anticipate the memecoin to finally breach $1.
Read More
Solana Ends Week Up 6% as SOL ETF Takes Major Step Forward