What happened?
The crypto price prediction for most major tokens dipped with the market’s total cap falling by 2% in the past 24 hours. This dip is likely due to short-term traders taking some profits following the market’s weekend rally. However, many coins such as XRP, Pump.fun and Hyperliquid are still up over the past week despite correcting slightly today.
Who does this affect?
This situation affects all stakeholders in the crypto market, but more notably traders and investors of XRP, Pump.fun, and Hyperliquid. These tokens showed strong momentum despite the slight dip. If the Federal Open Market Committee (FOMC) cuts rates this week, there could be a strong rebound which would bring traders more profits.
Why does this matter?
This matters because any significant shifts in the crypto market can heavily impact investors and companies that rely on these digital currencies. Today’s dip could represent a short-term correction within a medium-term bullish trend. Thus, the market movements this week may have substantial implications on future market trends and potential profit opportunities for traders.