The cryptocurrency market continues to show high volatility. Bitcoin reached historic highs before its price fell sharply. How does this affect other cryptocurrencies like XRP, DOGE, SOL, and PEPE Coin?
Bitcoin: Ups and Downs
The price of Bitcoin surged to $100,000 before experiencing a sharp drop, largely influenced by Donald Trump’s threats to increase tariffs. This volatile behavior continues, with altcoins showing relative stability during price hikes but suffering significant losses during declines.
Growth Factors and Outlook for XRP and DOGE
Ripple executives are participating in a crypto forum organized by the CFTC. XRP continues to show resilience, maintaining a support level at $2.20. Following the resignation of Gary Gensler, significant gains have been recorded, with optimism surrounding a favorable resolution to Ripple's legal challenges. DOGE's price remains stable but faces pressure due to low trading volumes.
SOL and PEPE Coin: Under Market Pressure
SOL strives to maintain its position within the $198 rally zone. Despite indirect backing from the Trump administration, the coin struggles to rise amid a broader market downturn. Predictions regarding the potential scale of a global trade conflict remain uncertain. Following a significant price drop, PEPE Coin is expected to see new highs by year-end.
Despite the current turbulence, investor optimism remains buoyed. Each cryptocurrency faces different challenges and prospects, and it will be crucial for market participants to weigh potential risks and rewards moving forward.
