Bitcoin price reached highs of $66400 on major exchanges, crossing the $66,000 mark.
Although bulls did not extend their gains in the US session where BTC was trading at around $65,789 the sentiment remains bullish heading into the weekend.
Ripple’s (XRP), Maker’s (MKR), and Notcoin’s (NOT) futures are shown below.
The latest US inflation figures and their implications for the markets
On September 27, the reaction to the personal consumption data was one of many.
Mohamed A. El-Erian, an economist at the University of California-Berkeley (UCB), said that markets could react positively to a possible soft landing if PCE shows inflation.
El-Erian posted on X, “A great set of US statistics today. PCE inflation fell to 2.2% and core to 2.7%. Consumer sentiment also improved to a five-month high.” These numbers are likely to reinforce the market’s strong consensus that a soft landing is in store for the US economy.
Bitcoin and cryptocurrency are likely to rise in value.
Price of XRP
The Ripple News on Friday was dominated by speculations that the US Securities and Exchange Commission could appeal last year’s court ruling on XRP Sales. John Deaton said that talk of an appeal was “a waste of taxpayers’ money” and made no sense. He had been one of the plaintiffs in the Ripple vs. SEC lawsuit.
Despite negative news reports, XRP’s price remained at $0.58. It could regain $0.60 if Grayscale announces that its XRP Trust is now available to accredited investors. Grayscale’s initial announcement of the XRP Trust last week triggered a surge in XRP prices.
XRP is also included in Grayscale’s top 10 cryptocurrency snapshot based on returns for a week. Shiba, Cardano Dogecoin Solana, Ethereum and Shiba inu are the top five cryptocurrencies by return this week. BNB, Bitcoin and Tron are also featured.
Price of Maker (MKR).
After the recent rebranding to Sky (SKY), Maker (MKR), continues to trade on the market.
It is hovering near the early September highs after it has risen 11% over the last week. According to Ali Martinez, the MKR chart suggests that MKR is nearing a bottom. MKR could reach $1,850 in the event of a breakout, which is a high last seen at the end of August.
#Maker $MKR shows a head and shoulders bottom pattern on the four-hour chart. This could signal a 12% breakout, pushing the price to $1,850.
Price of Notcoin
Notcoin is no longer the hot Telegram token it used to be a few short months ago. Its price will likely regain key levels over the next few months, as positive metrics for network growth continue.
Martinez shared a price prediction for Notcoin, noting that altcoins are showing a buying signal on X. Notcoin could reach $0.014 if a breakout occurs from the falling wedge. Not is currently trading above $0.010. It has risen 23% over the last 24 hours, and almost 40% in the previous week.
The post Crypto sentiment shift: XRP, MKR and NOT prices may change as new information is revealed.
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