The cryptocurrency market is struggling to gain momentum. Bitcoin (BTC) fell below $78,000 on March 11th. The asset has made some profits over the past two weeks in March. BTC rose to a $88,000 level on March 25th. Since then, BTC prices have fallen further to the $83,000 level. The original cryptocurrency could once again fall below $80,000. Global crypto market capitalization was immersed in $2.79 trillion as of April 1, and has been heavily immersed in $3 trillion from the recent rise.
Cryptocurrency keeps sleeping
The latest market dip can be due to macroeconomic uncertainty. The US announced that tariffs will be implemented on Canada, Mexico and China starting April 2nd. Market participants may be tired of how tariffs unfold. Many people expect it to have a negative impact on the US economy.
The Fed has also not announced interest rate cuts yet. The central bank paused hikes at a recent meeting. However, interest rate cuts are likely what investors are looking for.
Top 3 cryptocurrencies that could surpass the charts in April
1. Ripple (XRP):
Ripple’s XRP tokens are clearly visible from all obstacles for gatherings other than investor sentiment and macroeconomic concerns. The SEC recently dropped its lawsuit against Ripple almost four years later. Cryptocurrency could rise to new highs as lawsuits are gone.
2. Solana (Sol):
Sol has faced a significant price decline since its peaked earlier this year. Cryptocurrency reached an all-time high of $293.31 in January. Sol’s prices have fallen nearly 57% since its peak in January. Sol may experience a recovery rally in April.
3. Tonoa (tone):
Ton is one of the few cryptocurrencies traded in today’s Green Zone. Asset prices have built up considerable momentum over the last few weeks. Ton’s rally could last for weeks. Assets can face corrections due to macroeconomic headwinds. As Crypto Market picks up the pace, Ton can give incredible returns.
