TL;DR
- Bitcoin (BTC)) Prices fluctuated widely, but recovered to above $70,000 despite a market drop due to the impact of US inflation reports.
- Ripple (XRP) rose 9% in value during the week, drawing attention ahead of its lawsuit with the US SEC.
- Shiba Inu (SHIB) has increased by 6% over the past 7 days and is predicted to grow further with network activity and development updates.
Improving BTC volatility
The prices of major cryptocurrencies have experienced significant fluctuations over the past few days, ranging from $68,000 to $72,000.
The lowest level was yesterday (April 11th), when the overall market fell sharply following the latest US CPI report. showing Inflation rose more than expected.as crypto potato reportthe recession caused millions of dollars in liquidations.
Nevertheless, the negative trend did not last long and the bulls stepped in and pushed the BTC valuation back above the $70,000 mark. The asset is currently trading at around $70,500 (according to CoinGecko data), showing a weekly increase of 7%.
Some analysts expect further increases in the near future based on important upcoming events such as: BTC halving (Scheduled for next weekend). Mark Palmer, Analyst, The Benchmark Company believe The price of this asset will reach $150,000 by 2025, but crypto exchange Bitfinex predicted This level is reached 14 months after the half-life.
However, not everything is so rosy.Fred Thiel – Marathon Digital CEO – Recent claimed The halving rally has already been priced in, and no significant post-event rally is expected.
XRP is now part of this prestigious list
Ripple’s XRP price has registered an even bigger increase than BTC over the past seven days, rising 9% and briefly rising. touch $0.64 mark.
This asset appears to be the subject of great interest in the crypto space.Cryptocurrency Market Intelligence Platform – Santiment – Recent outlined The top 10 digital currencies that have been involved in the most discussions, with XRP in 7th place.
This interest may be related to the upcoming court case between Ripple and the US SEC (set (for April 23rd). The legal dispute between the two companies has been going on for more than three years and has focused on the status of XRP. Regulators believe tokens should be treated as securities, but the company opposes that classification.
SHIB's next goal
Another well-known cryptocurrency that has returned to green territory is Shiba Inu (SHIB). The price of the second-largest meme coin is up 6% on a seven-day scale, and some analysts are predicting an impressive rally in the coming months.
Recent X Users Rekt Capital I got it. SHIB's current value has reached the same level as its value at the beginning of 2022. Analysts suggested that a break above this resistance zone could lead to a triple-digit rally.
The asset burn rate and advancements in its layer 2 blockchain solution (Shibarium) could also cause price increases.as crypto potato reportThis week, the network experienced a significant recovery in terms of daily transactions, with total blocks passing the 4 million milestone.
If you would like to learn more about how Shibarium aims to promote the development of your Shiba Inu, be sure to watch our exclusive video below.
