Inflation in the US is cooling as the CPI report shows that it fell to 6% in February from 6.4% the previous month. The Fed’s hawkish rate hikes seem to be working. But reaching the normal rate of 2% is still a long way off. After Silicon Valley Bank faced a bankruptcy crisis and bank stock took a hit as Signature Bank closed cryptocurrency The markets rally this week.
Top 3 Cryptocurrencies to Consider
1. Bitcoin (BTC)
bitcoin moving forward this week, reaching $25,000 for the first time in 2023. While the majority of investors expected BTC to drop in value after the banking crisis, the king charted the path to reach crypto new year highs.
Koinfinans.com As we reported, BTC has been on the rise for three consecutive days. However, another rally is possible to push the price towards $27,000. A recent price prediction claims that if the markets continue the positive momentum, BTC could exceed $30,000.
2. Ethereum (ETH)
With Bitcoin pulling up the entire cryptocurrency market with it Ethereum has been on the rise. ETH is looking to break the $1,800 resistance level. If he succeeds, the next target is $2,000 possible.
The second largest cryptocurrency is currently volatile. This gives investors a wide range of action to take.
3. Ripple (XRP)
Ripple‘s native token jumped from $0.34 to $0.37 this week. However, it is looking to climb above the $0.40 resistance level. The XRP community predicts that the token could rise as high as $0.41 this month. This represents an increase of about 12% from its current price of $0.37.
You can follow the current market movements here.