The cryptocurrency market underwent a significant correction at the beginning of this month, with Bitcoin (BTC) falling below $66k on Apr. 2, 2024. The dip is probably due to fading expectations of an early interest rate cut. The Federal Reserve will likely keep rates higher for longer as inflation in the US remains above the Fed’s 2% target.
However, the market may rebound soon, fuelled by BTC’s halving later this month.
Top 3 cryptocurrencies to watch this weekend
Bitcoin (BTC):
BTC recently reclaimed the $69k level. However, prices did not hold, and the asset fell to around $67k. BTC has faced a 4.4% correction in the weekly charts but is still up by 2% in the last 24 hours.
According to CoinCodex, the original cryptocurrency could surge to $71,155 this Sunday, Apr. 7, 2024. Hitting $71,155 from current levels would translate to a growth of about 6.07%.
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Furthermore, CoinCodex anticipates BTC to continue surging this month, hitting a new high of $86,203 on Apr. 30, 2024. Reaching $86,203 from current levels would translate to a growth of about 28.5%. BTC’s halving later this month may be behind the bullish outlook for the asset.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is another popular cryptocurrency predicted to rally in April. According to CoinCodex, the popular dog-themed crypto could hit $0.00002891 this Sunday, Apr. 7, 2024. Reaching $0.00002891 from current levels would translate to a growth of about 7.35%.
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Moreover, CoinCodex anticipates SHIB to hit a new all-time high in early May, hitting $0.00009295 on May 3, 2024.
Solana (SOL):
Solana (SOL) has faced a 4.1% correction in the daily charts and a 5% correction over the previous week. However, the asset may be gearing up for a rally. According to CoinCodex, SOL could surge to $192.28 this Sunday, Apr. 7, 2024.
Furthermore, the platform anticipates SOL to continue surging throughout this month, hitting a new all-time high of $497.27 on Apr. 27, 2024.