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Bitcoin may have kicked off 2025 with a rebound back to $100,000, but since the release of the U.S. Federal Reserve’s December 2024 Federal Open Market Committee meeting on Jan. 8, the BTC/USD exchange rate dropped to as low as $91,220.84. Bitcoin has stabilized at around $95,000 since then, but concerns run high whether further news about the future direction of interest rates and monetary policy will result in an additional negative impact to the performance of Bitcoin and other cryptocurrencies. As cryptocurrencies have entered the financial mainstream, they have become increasingly sensitive to policy changes from the Federal Reserve. With this in mind, let’s take a closer look at the latest news from the Fed, and see what it could mean for the performance of both Bitcoins and altcoins in the months ahead. Why Cryptos Fell on The Latest Fed News As revealed in the aforementioned Fed meeting minutes, the central bank once again cut interest rates...

An Uptober bull run seems to have started early, driven by a surge across AI cryptos, meme coins, and major tokens like Solana (SOL) and Ethereum (ETH) after the Federal Reserve slashed interest rates by 50 basis points on Sept. 18. AI cryptos soared more than 8% in the last 24 hours, while the meme coin sector surged 7%, according to CoinGecko. At the same time, layer-1 tokens SOL and ETH climbed 8% and 5%, respectively, signaling growing momentum across the crypto market. Altogether, the crypto market cap climbed 2.7% to $2.21 trillion, according to CoinMarketCap. Easing Monetary Policy Gives Uptober Bull Run An Early Start The surge in prices across the crypto market follows the Federal Reserve Bank’s first interest rate cut in more than four years on Wednesday. In 2022, interest rates were bumped up to a 23-year high as a result of surging inflation triggered by supply chain bottlenecks caused by the Covid pandemic and Russian’s invasion of Ukraine. Investors subs...

Ripple’s XRP token has faced significant hurdles over the last few years. The asset last traded over the $1 mark in late 2021, nearly three years ago. Despite its lacklustre performance, XRP has maintained its popularity in the crypto community and is still one of the most popular currencies for cross-border remittance. Also Read: Solana (SOL) Price Prediction For This Weekend: August End 2024 How Long Do You Have to Wait for XRP to Hit $5? For XRP to hit $5 from its current price, the asset will have to rally by nearly 793%. According to the analysts at Changelly, Ripple’s XRP token could hit a new all-time high of $3.57 in 2028. As for the $5 mark, the platform anticipates the token breaching it in 2029, about five years from now. The platform predicts XRP will hit a maximum price of $5.004 in 2029. Source: Changelly Also Read: DOGE Uptick Ahead? Elon Musk, Tesla Win Dogecoin Manipulation Lawsuit Telegaon researchers are more bullish on Ripple’s XRP token. The platfo...

Join us as we discuss the current U.S. debt ceiling crisis and what it means for Bitcoin and the crypto market. In this week’s episode of Market Talks, Cointelegraph welcomes Mike McGlone, senior macro strategist at Bloomberg Intelligence, which delivers in-depth analysis and data sets on industries and companies, government, credit, litigation and economic factors. In today’s discussion with McGlone, we discuss the concerns around the current debt ceiling battle currently taking place in America’s law-making houses. Will the United States default for the first time in its history, or will lawmakers reach an agreement before time runs out? Whatever happens with the debt ceiling, is it a lose-lose situation for Bitcoin, crypto and other risk assets? Especially since the Federal Reserve might pause rate hikes and with inflation tapering off. We ask McGlone to explain why that is. We get McGlone’s views on de-dollarization as some countries reduce their reliance on the U.S. dollar and se...