In recent weeks, the cryptocurrency market has undergone several price corrections. Notable assets like Bitcoin, Ethereum, and XRP initially saw their prices soar but soon faced bearish corrections.
Current data shows that the global market capitalization for digital assets decreased by 3.2% in the last 24 hours to $2.86 trillion. Despite this, several market experts anticipate a strong recovery this weekend following the recent address at the Digital Asset Summit by President Donald Trump crypto summit. At the event, he urged Congress to pass landmark crypto legislation, which might fuel a new market rally.
Here are the top 3 cryptos worth watching to capitalize on the returns of a potential bullish market.
Bitcoin (BTC)
Bitcoin remains the top coin in the market, and experts anticipate a price rally. However, data from crypto tracking platforms shows that BTC is struggling to break through a key resistance level at $90,000.
A Bitcoin rebound could create more opportunities for other cryptocurrencies to experience price gains in the coming weeks.
As we reported earlier this week, Former BitMEX CEO Arthur Hayes predicts a major bullish breakout for BTC. He believes the Federal Reserve might drive this rally with the likelihood of cutting interest rates in the coming weeks.
Consequently, many investors are closely watching to see if Bitcoin gains momentum moving forward.
As of this publication, Bitcoin price was trading at $84,150.66, reflecting a 2% drop in the last 24 hours. However, this remains an improvement compared to earlier this month when Bitcoin traded at a $76,624 low.
Ripple (XRP)
XRP, the fourth-largest cryptocurrency, has significantly seen a boost after the SEC dropped its appeal against Ripple Labs Inc. This legal victory has removed a major securities obstacle, restoring investor confidence.
As noted in our earlier post, Bitnomial’s launch of the first CFTC-regulated crypto futures on XRP in the U.S. also marks a major milestone for the asset. This breakthrough and the legal victory could further drive the XRP price upward as market confidence strengthens.
With this positive shift, XRP could be set for further gains, making it one to monitor closely.
As of writing, XRP price was trading at $2.41 after shedding 2% in 24 hours. Despite this, some experts speculate that if all factors align, it could stabilize around $5 before mid-April.
Toncoin (TON)
Toncoin has been one of the few cryptocurrencies to rally despite market uncertainty. A key factor behind its recent surge hinges on the news around Telegram founder Pavel Durov. Durov secured the permission to leave France for Dubai after months of legal complications.
In addition, the Ton Foundation reported that venture capital firms invested more than $400 million in the TON blockchain. With this, many experts believe that TON is a notable asset to watch.
Toncoin, the 13th-largest cryptocurrency by market capitalization, is currently trading at $3.61, down 2.1%. However, its trading volume has surged 7% in the last 24 hours, reaching $281.36 million.
With these three cryptocurrencies showing strong activity, the coming days could bring significant price movements worth tracking.