Recent reports indicate that the US Supreme Court has announced upcoming discussions on tariffs scheduled for November. This news brings interesting trends to the cryptocurrency market.
US Tariff Discussions
A hearing took place today concerning tariffs. Previously, Trump set a deadline for China until November. However, new factors, such as the EU's Google fine and the $100 billion gas deal with Russia, lead China to exert pressure on the tariff process.
Predictions for Bitcoin (BTC)
Bitcoin struggles to exceed the permanent mark of $112,500 while maintaining support at $108,000. Altcoins exhibit a horizontal trend, which analyst DaanCrypto describes as "stability." Limited recent declines suggest market maturation. "This cycle has been relatively comfortable for long-term investors compared to previous cycles," the analyst notes. Additionally, potential interest rate reductions may lead to prolonged bull markets.
Analysis of XRP Coin
Analyst Ali Martinez shares a well-known XRP Coin chart, suggesting no further significant declines. He emphasizes the potential for an upward breakout from a descending triangle, positing a target of $3.6.
In conclusion, the discussions on tariffs and the current situation in cryptocurrency markets introduce uncertainty while also creating opportunities for both Bitcoin and XRP. The upcoming Supreme Court meeting in November may prove crucial for future trends.
