The cryptocurrency market is holding steady after its recent recovery. Bitcoin (BTC) fell to below $75,000 and has since reclaimed the $84,000 mark. The global crypto market cap has dipped 2.1% in the last 24 hours to $2.75 trillion. The global crypto market cap had fallen to $2.5 trillion earlier this month.
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Cryptocurrencies Recover Amid Bullish Developments
President Trump’s 90-day pause on tariffs was a major catalyst for the crypto market recovery. Investor confidence rose as tensions settled.
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President Trump has also taken a jibe at Federal Reserve Chair Jerome Powell. Trump accused Powell of being late in cutting interest rates. Inflation in the US came in lower than expected for March. The move has led many to believe a rate cut i right around the corner. A dip in interest rates could lead to a surge in cryptocurrency investments. Rate cuts make borrowing easier. The move could lead to a rise in risky investments.
Top 3 Cryptocurrencies To Watch This Weekend
1. Ripple (XRP):
Ripple’s XRP token is currently one of the hottest cryptocurrencies to watch. The SEC vs. Ripple lawsuit has ended. The move has led to substantial interest in the coin. There is also a high probability of an XRP ETF later this year.
2. Solana (SOL):
SOL faced a significant price correction after hitting an all-time high in January. The cryptocurrency could climb over the coming months. SOL has been one of the most resilient crypto assets in the market.
3. Fartcoin (FARTCOIN):
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Fartcoin has seen incredible growth since its launch. The Solana-based meme cryptocurrency has quickly climbed the charts. The memecoin could see a continued upward momentum over the coming weeks.