Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple — Asian Wrap 07 October
|Bitcoin, S&P 500 and USD sees simultaneous uptick amid declining unemployment rate
Bitcoin (BTC) trades around the $62,200 level on Saturday following a reduction in the US unemployment rate. In addition to BTC, the S&P 500 (SPX) and the US Dollar Index (DXY) also posted gains. This marks a new market trend amid investors' heightened risk appetite.
Ethereum sees revenue uptick in September amid rising inflation rate
Ethereum (ETH) is up over 3% on Friday as recent reports indicate its on-chain revenue growth in September amid the annual ETH inflation rate rising to a two-year high.
Token unlock pushes XRP lower as holders come to grips with SEC appeal
Ripple (XRP) climbs 2% on Friday. XRP is influenced by several market movers: the US Securities & Exchange Commission’s (SEC) decision to appeal the final ruling in the Ripple lawsuit, Ripple’s $1 billion token unlock on October 1 and other token unlocks this month, including Solana and Arbitrum.
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