Crypto Market Highlights: XRP Price Doubts and Renewed SpaceX Bitcoin Activity
Crypto Market Highlights: XRP Price Doubts and Renewed SpaceX Bitcoin Activity
The cryptocurrency market is witnessing a mix of developments for key assets. Expert analysis has tempered optimistic price predictions for XRP, specifically regarding a $100,000 target. Concurrently, Bitcoin has seen renewed interest as Elon Musk's SpaceX has resumed its BTC transfer operations after a three-month hiatus, a move that is drawing significant market attention.
XRP Price Targets Deemed Unrealistic by Economist
A leading economist and former forex analyst, Moonchaser, has cast significant doubt on the ambitious expectation of XRP reaching a $100,000 valuation. Her analysis reportedly 'poured cold water' on traders' hopes, suggesting a more grounded and perhaps less bullish reality for the digital asset's future price trajectory.
SpaceX Resumes Bitcoin Transfer Activity
In other notable news, Elon Musk's aerospace company, SpaceX, has reportedly reactivated its Bitcoin transfer operations. This marks the first instance of such activity since July, breaking a three-month period of silence. The resumption of Bitcoin transfers by a high-profile entity like SpaceX is a development that is currently garnering substantial attention and discussion within the broader cryptocurrency market.