Bitcoin price stays above $40,000 after the US Federal Reserve’s long-awaited announcement of the interest rate hike. Most altcoins in the top 30 witnessed a surge in price. Proponents noted that after low volatility for weeks, Bitcoin price witnessed a breakout, skyrocketing $3,000 within a single day.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos undergo profit-taking before continuing relief rally
Bitcoin price, Ethereum and other cryptocurrencies are in profit-taking mode after a fierce long overdue relief rally. Although talks are ongoing and the recovery is still very much intact with several important price breakouts above critical levels and hurdles, it will be essential to see these levels hold. The uptrend’s continued progress will be vital for the maintenance of the current relief rally as the weekend approaches with a risk that it could be cut short very quickly.
Algorand price set for explosive rally to $1.10
Algorand price action, like the majority of the cryptocurrency market, continues to recover after prolonged selling pressure. However, whether the current bounce is a real beginning to a new uptrend or simply a relief rally remains to be seen.
