The cryptocurrency market has faced a substantial correction over the last few days after Bitcoin’s (BTC) price slipped below $65,000. The global crypto market cap has also fallen to $2.4 trillion, dipping 0.7% in the last 24 hours.
The latest market correction could be due to the Federal Reserve holding interest rates steady despite cooling inflation.
The move may have increased investor worry as they shy away from risky assets such as crypto. Investor fears have also increased around the US government’s recent move of over $2 billion worth of BTC.
With that said, let’s look at three crypto assets to watch this weekend.
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Top 3 Cryptocurrencies to Watch This Weekend
1. Bitcoin (BTC) – Leading Crypto
Bitcoin (BTC) is the market leader, and other assets are following its trajectory. According to CoinCodex data, BTC is expected to breach the $70,000 mark over this weekend.
Given the current bearish outlook, a market rally would be highly welcome.
2. Ripple (XRP) – Fast Transactions
Ripple’s XRP token recently witnessed a sudden price spike after an SEC amendment showed that the SEC vs. Binance lawsuit judge would not pass a ruling on whether specific cryptocurrencies are securities.
The development led many to believe a settlement may be around the corner for the SEC vs. Ripple lawsuit.
XRP’s price did not hold, and the asset is currently facing another correction. However, it is possible that XRP will regain its momentum over the weekend.
Also Read: SEC Reset: Solana, Cardano, MATIC Cleared in Binance Case
3. Shiba Inu (SHIB) – Meme Crypto
SHIB is also following the more significant downward trend in the cryptocurrency market. The asset has faced a 3.2% correction in the daily charts and an 8.8% over the last week.
CoinCodex data suggests that SHIB could witness a rally to $0.000019 this weekend. On the other hand, IntoTheBlock data shows that about $100 million worth of SHIB is up for sale at an average price of $0.000017.
Also Read: Shiba Inu: 5.9 Trillion SHIB Up For Sale, Another Dip Coming?
We may witness another price correction for the popular cryptocurrency over the next few days.