The AVAFight beta is in full swing
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XRP loses market steam, drops 4% – What to know about the crypto market this week
Share link:In this post: XRP drops 4% after failing to sustain a breakout above $2.50, with support at $2.30. The RSI remains neutral as market uncertainty continues. Key US inflation reports this week, including CPI and PPI, may influence Fed policy and impact high-risk assets like crypto. Bitcoin and gold broke their inverse relationship with the S&P 500, while the insurance stock fall due to LA wildfire losses could boost crypto interest.
Bitcoin compound inflation of 7% since 2020 canceled out by 900% gains while USD declines 20%
Bitcoin offset its meagre inflation with massive increase while US DXY increased by just 12% with compound inflation hitting 20%.
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