Cryptocurrencies price prediction: XRP, Dogecoin & Cryptos – American Wrap 31July
XRP sustains bearish bias as price lingers below $1.10
Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Dogecoin Forecast: DOGE risks falling toward four-year floor price
Dogecoin (DOGE) continues to slide below the $0.0700 mark, in step with the broader market’s prevailing bearish sentiment. Trading approximately 55% beneath its yearly peak of $1.5666, DOGE faces mounting downside pressure, increasing the risk of a retest of the four-year low at $0.0500 set in June 2022.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships
The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
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