TRENDING:
US CPI
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: RWAs, XRP & Crypto – American Wrap 30 April

Cryptocurrencies Price Prediction: RWAs, XRP & Crypto – American Wrap 30 April
FXStreet TeamFXStreet TeamFXStreet

XRP slides as waning demand, soft derivatives undercut bullish social sentiment

Ripple (XRP) is under pressure, trading around $1.37 at the time of writing on Thursday as investors assess the Federal Reserve’s (Fed) hawkish tone. The central bank met expectations, leaving interest rates unchanged in the 3.50%–3.75% range on Wednesday amid the uncertainty around the United States (US)-Iran peace talks.

Tokenized RWA market value hit $19B in Q1, driven by Gold and Treasuries

Tokenized Real World Assets (RWAs) appear to be cracking out of their shells, with the latest CoinGecko report showing significant growth in market capitalization and trading volume across different asset classes.

Crypto Today: Bitcoin, Ethereum, XRP exhibit technical weakness as risk-off sentiment weighs

Bitcoin (BTC) holds above a short-term support at $76,000, after extending losses from its weekly high of $79,486, following the Federal Reserve’s (Fed) hawkish tone and uncertainty around the United States (US) peace negotiations with Iran.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Zcash Price Forecast: ZEC poised for a rebound as momentum recovers

Zcash Price Forecast: ZEC poised for a rebound as momentum recovers

Zcash is up 4% on Wednesday, extending the 4% rise from the previous day and paring Monday’s 8% loss. Grayscale’s ZEC-focused Exchange-Traded Fund is facing selling pressure, with over $5 million in outflows on Tuesday. The technical outlook for ZEC is now mixed, with a bearish bias as upside momentum gains strength.

Top 3 Price Predictions: BTC eyes $85,000, ETH holds support, XRP stabilizes

Top 3 Price Predictions: BTC eyes $85,000, ETH holds support, XRP stabilizes

Bitcoin, Ethereum, and Ripple show signs of recovery on Wednesday as buyers try to regain control after their recent market weakness. BTC extends its rebound toward the $85,000 resistance, while ETH and XRP find support around key levels.

Strategy (MSTR) bitcoin buying model faces scrutiny as STRC costs climb

Strategy (MSTR) bitcoin buying model faces scrutiny as STRC costs climb

Strategy’s STRC financing strategy increased its Bitcoin holdings in H1, but made its capital structure more expensive, prompting an examination of its effectiveness, according to a Tuesday report by K33. STRC recovered close to its $100 par value, closing at $99.90 after an extended period of heavy buybacks.

Bitcoin pressured by rising yields as equities draw strength from earnings expectations

Bitcoin pressured by rising yields as equities draw strength from earnings expectations

Bitcoin is seeing a TradFi capital exodus as rising US Treasury yields weigh on digital assets, while equities draw strength from expectations of strong corporate earnings, according to Wintermute. The loss came as Bitcoin fell 3.2% last week, while Ethereum declined 7.0% and altcoins dropped 2.9%.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.