Cryptocurrencies price prediction: BTC, Ripple & Crypto Market - American Wrap - 10 06
|XRP price at crossroads as Ripple bolsters Asia-Pacific investment
Ripple (XRP) is slowly losing its grip on the uptrend printed on Monday, following last week's sell-off. The faltering trend can be attributed to the lack of conviction in the recovery eyeing gains toward $3.00 and lethargic sentiment surrounding the token.
AI tokens hold gains as Meta agrees to pay $15 billion for 49% stake in Scale AI
Meta Platforms Inc (NASDAQ: META) is reported to have agreed to pay $15 billion toward the acquisition of a 49% stake in the data labeling startup Scale AI. Based on reports emerging on Tuesday, Meta could strengthen its position in the artificial intelligence (AI) sector, currently dominated by other Big Tech companies, including OpenAI, Nvidia and Microsoft.
Bitcoin lags S&P, Ethereum is pumping up with new money
The paths of Bitcoin and US stock indices seem to have diverged in June. The S&P 500 rose for several consecutive trading sessions thanks to the de-escalation of trade conflicts, the strength of the US economy and positive corporate reporting. The first digital coin came under pressure due to capital flowing to Ether, doubts about the effectiveness of new stablecoins legislation and conflicts of interest.
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