XRP Outperforms Major Cryptos Amid Ongoing Israel-Iran Tensions
Global markets face uncertainty as crypto assets trade sideways ahead of the U.S. Federal Reserve meeting. Key points include:
- Following a $1.2 billion futures liquidation, overleveraged longs exited, pushing altcoins lower.
- Bitcoin reached $108,000 before profit-taking reduced its price to $106,500; it later recovered to above $107,000.
- BTC ETFs attracted $1.4 billion in net inflows, demonstrating their stabilizing role during market pullbacks.
- Ether increased by 1.5% to $2,609, while Solana's SOL and Tron’s TRX rose 1.5% and 2.1%, respectively.
- Gold and oil prices surged following President Trump's call for the evacuation of Tehran, but Bitcoin lagged behind.
- Analysts suggest Bitcoin typically reacts slowly to macro trends, indicating potential future momentum if risk sentiment shifts.
- The Fed is expected to hold rates steady, focusing on inflation and tariffs. Comments from Chair Powell will be closely watched.
- Some predict a subtle dovish shift may emerge, influenced by recent economic data.
Market attention remains on the upcoming Fed meeting and geopolitical developments.