Bitcoin Vs XRP: One Is Poised For Growth, But The Other Is Facing Uncertainty
As Bitcoin (CRYPTO: BTC) inches closer to its all-time high, experts predict a bullish momentum for the leading cryptocurrency, while (CRYPTO: XRP) is mired in regulatory uncertainty due to the ongoing SEC appeal against Ripple.
What Happened To Bitcoin: Market analysts from Bitget and Hashdex have weighed in on the diverging futures of Bitcoin and XRP, citing regulatory and market factors shaping their trajectories.
Bitcoin is only 9% away from its all-time high of $73,500, and analysts believe the cryptocurrency is on the brink of a significant price rally.
In a note shared with Benzinga, Pedro Lapenta, Head of Research at Hashdex, highlighted the perfect storm of favorable conditions for Bitcoin.
“We’re roughly 180 days past the last halving date, and if historical patterns hold, we may be due for an explosive price action in the coming months,” Lapenta stated.
“This will be the first cycle where we have regulated products like Spot ETFs, making it the perfect timing for institutional investors to gain exposure,” he added.
Lapenta also emphasized that the global liquidity environment is creating a positive outlook for Bitcoin. With the Federal Reserve expected to reduce interest rates …
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