The cryptocurrency market has been stable after a recent recovery. Bitcoin (BTC) fell below $75,000, then revived the $84,000 mark. Global crypto market capitalization has immersed 2.1% to $2.75 trillion in the last 24 hours. Global crypto market capitalization fell to $2.5 trillion earlier this month.
Cryptocurrency recovers amid bullish development
President Trump’s 90-day suspension on tariffs was a major catalyst for the recovery of the crypto market. Investor confidence rose as tensions resolved.
President Trump also took the jive with Federal Reserve Chairman Jerome Powell. Trump accused Powell of delaying interest rate cuts. US inflation was lower than expected in March. This move has led many to believe in rate reductions around the corner. Soaking in interest rates can cause a surge in cryptocurrency investments. Rate reductions make borrowing easier. This move could lead to increased risky investments.
Top 3 Cryptocurrencies to watch this weekend
1. Ripple (XRP):
Ripple’s XRP token is currently one of the hottest cryptocurrencies. The SEC vs. Ripple lawsuit has ended. This move has brought great interest in the coin. Also, there is a high chance of an XRP ETF later this year.
2. Solana (Sol):
Sol faced a major price adjustment after reaching an all-time high in January. Cryptocurrency could climb over the next few months. Sol is one of the most resilient crypto assets on the market.
3. Fartcoin (Fartcoin):
Fartcoin has seen incredible growth since its launch. Solana-based Meme Cryptocurrency quickly climbed the charts. Memecoin has been able to see the continued upward momentum over the coming weeks.
