BTC At the time of writing, it hit a new daily low and fell to $93,080. So, could this situation be an opportunity for altcoins? We talked about the risk that the Fed minutes might lead to such an outcome today. Although such a large decline was not predicted, yesterday’s data supported the bears and this accelerated the decline. What are the predictions for XRP Coin and PEPE Coin?
Bitcoin (BTC) Falls
Largest by market value cryptocurrency having unit BTC At the time of writing, it is at $94,000. There is an area around $92,780 that could act as support, and if there is a break of $93,500 (and closes below it), the decline here could accelerate. This is really interesting because hours ago, new ATH dreams were being made above $ 103,000.
Some analysts have been talking since the December 18 drop that we could see a new test of $86,800. If Trump does not take concrete steps regarding cryptocurrencies, losses may increase due to the possibility that interest rate cuts in cryptocurrencies will stop throughout the year.
We need to memorize these days when fear increases, because when the rise begins, everyone thinks that the market will always rise.
PEPE Coin and XRP Coin
BTC fell to $93,828 at the time of writing, while waiting for the Fed minutes. XRP Coin also fell. We can say that it is in a better situation than other cryptocurrencies because Ripple 
$2.3 President X shared on his account that he had dinner with Trump. Moreover, the fact that regulatory pressure will be lifted is very supportive for XRP Coin.
If the decline continues, XRP Coin price may test the $2.18 and $1.89 supports. The rise again will be possible when we start to see closings above $ 2.39. Thus, we can return to the range of $ 2.5 and $ 2.93. Now XRPCoin remains quite strong with a 3% daily decline.
Towards the $0.00001677 support level we shared earlier PEPE Coin continues to progress. With BTC approaching the $93,500 support level, it’s only a matter of time. If the sales do not slow down, there may be lower wicks at $0.00001547 and $0.00001200.
Today’s ADP data was in favor of risk markets, if we don’t see anything new and terrible in the Fed minutes, we can see the fear selling calm down. Thus, hopes for Friday’s data increase and the market may find the opportunity to recover.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
