Crypto Market Update 6th June | Mudrex

Crypto Market Update: Fed’s Monetary Policy and Key Trends - Weekly Analysis In this week’s crypto market update, we dive into the latest developments and analyze the impact of the Federal Reserve’s monetary policy on the broader financial market. Get insights on the recent US debt-ceiling deal approval and how it has reduced market fears of a potential US default, providing relief to investors. Discover the speculation surrounding the Federal Open Market Committee’s (FOMC) decision on interest rate hikes in June or July and its potential influence on the crypto market. Explore the latest trends in the crypto market, including the lagging growth compared to the equity market, despite a $24B increase in total crypto market cap. Find out about the top gainer of the week, Ripple (XRP), which surged by 3.2% due to an impending legal victory against the US SEC and the potential of an IPO. We analyze its technical indicators and provide our opinion. Learn about the biggest loser of the week, Algorand (ALGO), which experienced a decline of %. We examine its fundamental and technical analysis to understand the reasons behind the negative sentiment. Stay informed about the macroeconomic events and investor sentiment that could shape the crypto market in the coming weeks. #Ripple #XRP #Algorand #ALGO #Cryptocurrency #CryptoAnalysis #CryptoMarketUpdate #FedMonetaryPolicy #USDebtCeiling #interestrates Download the Market Update Report - Download the Mudrex App: Link: Follow us for more updates: Instagram: Twitter: LinkedIn: Website: Blog: About Mudrex: Mudrex is a leading crypto investment platform that prioritizes long-term wealth creation for its users. With their revolutionary products like CoinSets, Vault, and Coins. Mudrex offers innovative solutions to enable individuals to invest in cryptocurrencies with ease and confidence.