The cryptocurrency market continues its lackluster performance. Bitcoin (BTC) is trading at the $104,000. The global crypto market cap has dipped 1% in the last 24 hours to $3.72 trillion. BTC’s Fear & Greed index is at “Extreme Greed,” but inflows seem low.
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The Cryptocurrency Market Continues To Move Sideways
The crypto market continues to move sideways. The lackluster performance over the last few weeks could be due to larger macroeconomic factors. The Federal Reserve halted interest rate hikes but has not announced a rate cut yet. The Fed also announced only two interest rate cuts for 2025 instead of the expected three. The move may have spooked investors away from crypto assets.
The cryptocurrency market could be suffering due to the US dollar gaining strength. Investors may be flocking to safer assets instead of crypto.
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Top 3 Cryptocurrencies To Watch This Weekend
1. Ripple (XRP)
XRP could experience a surge over the weekend. Grayscale recently applied for a spot XRP ETF with the SEC. The financial institution has joined the likes of Bitwise and WisdomTree, which has also applied for an XRP ETF. The cryptocurrency could witness a surge in investor sentiment due to the filing.
2. Shiba Inu (SHIB)
SHIB is another popular cryptocurrency that could witness a price rise over the coming weekend. SHIB lead developer Shytoshi Kusama announced a new partnership for the SHIB ecosystem that could lead to a potential price rally.
3. Official Trump (TRUMP)
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TRUMP is the official cryptocurrency launched by US President Donald Trump. The asset faced a significant correction over the last few weeks. There is a possibility that the asset will regain momentum in the coming days. President Trump is quite bullish on the crypto industry and his bullishness could trickle into a rally for TRUMP.