Bitcoin (BTC) is currently trading at $62,579. The Federal Reserve (Fed) minutes to be released tomorrow could have significant impacts on crypto markets. Despite the Fed’s interest rate cut program, cryptocurrencies have not risen as fast as expected. Although there have been many developments throughout the year that have been favorable to crypto growth, the market volatility that has continued in the last two quarters has caused investors to act cautiously.
XRP Coin Future
Over the past two weeks, XRP Coin has lost nearly 20 percent of its value. The Securities and Exchange Commission (SEC) appeal had raised expectations for the outcome of the case. However, the appeal process is expected to last at least until the end of next year, leading to disappointment among investors. XRP Coin is currently unable to maintain the support level below $0.578 and is facing continuous selling pressure above $0.6.
Solana and Chiliz Coin Status
Solana (SOL) is currently at $143.55. Following the US ETF news, its value fell. The critical levels for SOL are determined as $162 and $128. Chiliz (CHZ) is recovering from $0.0475 and maintaining the $0.0586 support. While the $0.07 level is expected to be tested, $0.085 is targeted in the long term.
While uncertainties and legal processes in crypto markets affect investors' actions, clear targets have been set for altcoins such as XRP, Solana and Chiliz. It is important for investors to follow market trends carefully during this process.
