The cryptocurrency marketplace continues its downward trajectory. Bitcoin (BTC) is hovering beneath $94,000, and the planetary crypto marketplace headdress has dipped 2.5% successful the past 24 hours to $3.41 trillion. The existent marketplace dip is the 2nd correction successful the past month-and-a-half.
Also Read: Ethereum Price Prediction: ETH To Hit $4,000 by End of January?
Why Is The Cryptocurrency Market Down?
The crypto marketplace faced a correction successful December 2024 aft inflation figures successful the US accrued to 2.7%. The Federal Reserve consequently took a hawkish stance with its monetary argumentation to combat rising inflation. The cardinal slope announced lone 2 involvement complaint cuts successful 2025 alternatively of three. The improvement whitethorn person spooked cryptocurrency investors.
The latest cryptocurrency marketplace correction came aft US jobs information was amended than expected. The improvement whitethorn propulsion backmost hopes for an aboriginal involvement complaint chopped this year.
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Top 3 Cryptocurrencies To Watch This Weekend
1. Ripple (XRP)
Ripple’s XRP token has had rather a twelvemonth successful 2024. The fintech institution had a partial triumph successful its suit with the SEC. XRP besides breached the $2 people for the archetypal clip successful astir 7 years.
XRP is poised to person a large twelvemonth successful 2025. The cryptocurrency could perchance surge to a caller all-time precocious this year.
2. Solana (SOL)
SOL’s comeback from its 2022 lows is 1 for the past books. SOL was among the best-performing cryptocurrencies successful 2023. The plus past deed a caller all-time precocious successful November 2024.
One of the astir important catalysts for SOL’s increasing terms is apt owed to its expanding network. The SOL web is location to immoderate of the astir palmy memecoins, similar Pepe (PEPE), Bonk (BONK), etc.
3. Shiba Inu (SHIB)
SHIB is 1 of the astir fashionable cryptocurrencies successful the market. The plus has struggled to summation momentum lately but whitethorn beryllium poised for a comeback this year.
Also Read: Shiba Inu: Whales Stack up connected SHIB Amid Price Fall to Spark Rally
SHIB has 1 of the astir loyal and dedicated fanbases successful the crypto realm. This is 1 plus you should person connected your watchlist.