What is moving the market
The overall market sentiment is neutral to slightly bearish, with an average score of -0.03. Concerns linger over Bitcoin's $80,000 ceiling and potential interest rate hikes, while positive developments are noted for Chainlink and Ethereum. Data breaches at Revolut cast a shadow over the sector's security.
Biggest risk
Bitcoin is trading near $77,743, with its $80,000 ceiling appearing fragile amidst elevated weekend options volatility and anticipation of the Fed's decision. Chainlink's price has surged 35% over the past month, fueling expectations for a move above $15. Ethereum's price is up 3.08% this week, with analysts identifying a long-term pattern suggesting a potential rise towards $15,000. XRP saw a 30% monthly rebound, though liquidity trials on the XRPL are being monitored.
