Cryptocurrencies price prediction: SUI, Ripple & Crypto Market - American Wrap - 24 04
|Crypto Today: SUI and Trump token in profit, BTC price fails $95K test amid rumours of lower China tariff
The cryptocurrency market capitalization dips below $3 trillion on Thursday, retreating 3.5% from the 50-day peak of $3.2 trillion recorded earlier this week. Macro news insights suggest that investors are rotating capital back towards United States (US) stocks as President Donald Trump
softens his stance on China’s tariffs.
Ripple Price Forecast: Bearish sentiment in the broader crypto market ignites liquidations
Ripple (XRP) price is reversing gains at the time of writing on Thursday, following a widespread recovery in the cryptocurrency market on Wednesday. XRP surged alongside Bitcoin (BTC), hitting a daily high of $2.30 on Wednesday, as investors positively reacted to United States (US) President Donald Trump’s more conciliatory stance on Federal Reserve (Fed) Chair Jerome Powell and China. The US is optimistic that it will soon resolve the trade and tariff standoff with China, hinting at the potential easing of tariffs ahead of a comprehensive agreement in two years.
Sui Price Forecast: Surging stablecoins market, DEXs volume and DeFi TVL drive SUI's bullish sentiment
Sui's price climbs to $2.97 at the time of writing on Thursday, defying a broader bearish sentiment in the cryptocurrency market. The layer-1 token looks to extend gains above the intraday high of $3.12, supported by growing interest in the network's decentralized finance (DeFi) ecosystem.
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