- Bitcoin shows signs of a pullback after strong surge, with $100K still possible.
- XRP rallies 15% after breaking key resistance, targeting $1.35 amid regulatory hope.
- Vantard aims to offer exposure to meme coins without active trading through its native token VTARD.
As the crypto market resurges on Donald Trump’s reelection, three tokens—Bitcoin (BTC), XRP, and VTARD—are making headlines with impressive price movements and strong investor interest.
While Bitcoin is showing signs of a potential pullback after a meteoric surge, XRP is on a bullish streak following key technical breakouts. Meanwhile, Vantard, a new meme coin index fund, is gaining traction in its ongoing presale as investors look to capitalize on the “memecoin supercycle.”
Analysts project a potential Bitcoin pullback after strong surge
Bitcoin’s performance has been bullish, particularly in the wake of the US election. Bitcoin’s price surged past $93,000 before dipping to its current price of around $88,100.
Hawkish comments from Federal Reserve Chairman Jerome Powell, suggesting that rate cuts will be slower than previously anticipated, add weight to the bearish sentiment.
Market participants are starting to bet on a potential pullback as the overall sentiment shifts toward caution, but there remains a strong contingent of market analysts expecting Bitcoin (BTC) to break the $100,000 barrier in the long run.
Let’s be honest; no asset goes up in a straight line forever and volatility is set to stay high, so it wouldn’t be a surprise to see bitcoin take a breather at some point. Even so, it’s hard to look past the possibility of bitcoin reaching the illustrious $100,000 by year end.
— Josh Gilbert (@JoshGilbert_) November 14, 2024
The next few weeks will be crucial for Bitcoin, as the market watches how the implied volatility dynamics and broader economic factors, including interest rates, play out.
If BTC can break past its resistance levels, a surge towards the $100,000 mark could still be possible, but the increasing pressure on altcoins and BTC’s inability to secure a solid position above $90,000 points to a potential correction in the short term.
XRP breakout ignites bullish momentum
XRP has emerged as one of the top performers in the crypto market, gaining nearly 15% and reaching the $0.80 mark in a remarkable rally.
This XRP price surge…