Ripple(XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after theFederal Reserve(Fed) left interestratesunchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Dogecoin (DOGE) continues to slide below the $0.0700 mark, in step with the broader market’s prevailing bearish sentiment. Trading approximately 55% beneath its yearly peak of $1.5666, DOGE faces mounting downside pressure, increasing the risk of a retest of the four-year low at $0.0500 set in June 2022.
The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that acceptedBitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to theIslamicRevolutionary Guard Corps.
About The Author
