Thecryptocurrencymarket continues to build momentum on Thursday as selling pressure subsides. Bitcoin (BTC) has notched three straight days of gains and is currently trading above $64,000, with bulls eyeing a potential breakout above the immediate $65,000 resistance.
Ripple(XRP) rises toward the pivotal $1.10 resistance on Thursday, marking three consecutive days of gains. This neutral-to-slightly bullishoutlookfollows theFederal Reserve(Fed) decision to leave interestratesunchanged in the 3.50%-3.75% range.
Bitcoin (BTC) steadies above a key support zone on Thursday, consolidating near $64,000 after a modest rebound earlierthis week. Fresh inflows into BTC spot Exchange Traded Funds (ETFs) has provided some support. However, traders should be cautious as renewed inflation concerns, fueled by theFederal Reserve(Fed) hawkish tone and the escalating US-Iran conflict, continue to cap the Crypto King’s upside momentum.
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