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XRP, SOL and XLM Rose; Bitcoin BTC Price Rally After Fed Rate Hike Fades to $29.3K

July 27, 2023
in Bitcoin
Reading Time: 1 min read
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“On one aspect, the bulls are ready for additional indicators for the Bitcoin ETF SEC resolution in August and positioning for the 2024 halving,” Adrian Wang, CEO of Metalpha, advised CoinDesk. “On the opposite aspect, loads of profit-takings can happen when the spot is above 30k, whereas the bears are positioning for one more potential drop earlier than 2024 halving, just like what occurred in 2019.”

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Tags: 29.3KBitcoinBTCFadesFedHikePricerallyRateRoseSOLXLMXRP
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