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Cryptocurrencies Price Prediction: Bitcoin, XRP & Cryptos – American Wrap 19 September

Bitcoin aims for $65,000 as interest rate data and on-chain metrics fuel optimism

Bitcoin (BTC) extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points. On-chain metrics shared by Ki Young Ju, founder of CryptoQuant, further indicate signs of BTC strength.
Ripple (XRP) gained 2.3% since the start of the week. The altcoin’s gains are likely powered by key market movers that include Ripple USD (RUSD) stablecoin, Grayscale XRP Trust performance and the demand for the altcoin among institutional investors. 

Bitcoin trades at $63,118 at the time of writing. The largest cryptocurrency by market capitalization reached a high of $63,500 early on Thursday. Bitcoin has gained nearly 7% since Monday’s open of $59,132 this week. 

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