The cryptocurrency market seems to be rebounding from its recent selloff. Bitcoin (BTC) has reclaimed the $60,000 level, and the global crypto market cap has risen 1% in the last 24 hours to $2.23 trillion.
Also Read: Top 3 Cryptocurrencies For Healthy Gains In September 2024
Why is the market up today?
The market resurgence could be due to investors expecting a dovish stance from the Federal Reserve. Inflation in the US is inching closer to the Fed’s 2% target, which has ignited hopes for an interest rate cut.
Traders and investors anticipate a rate cut in September, but the Fed has yet to give an official statement.
With that said, let’s look at three crypto assets to watch this weekend.
Top 3 Cryptocurrencies to Watch This Weekend
1. Bitcoin (BTC)
Bitcoin (BTC) is the market leader and will probably display signs of a market reversal, if any. CoinCodex analysts anticipate that BTC will reclaim the $70,000 level very soon.
The platform predicts the cryptocurrency will hit $70,875 on Sunday, Aug. 25, 2024. A rally of about 16.6% would result if it reached this price level.
2. TRON (TRX)
TRX witnessed a healthy rally over the last few days. The asset defied the general market bearishness and rallied while other cryptocurrencies were in the red. TRX’s rally was likely due to the launch of a meme coin platform on the Tron network.
TRX has witnessed a significant correction today, falling 6.8% in the last 24 hours. CoinCodex data suggests TRX could surge to $0.1897 on Sunday, Aug. 25, 2024.
Also Read: Tron Rise Continues as TRX Volume Skyrockets 200%
3. Polygon (MATIC)
MATIC has faced significant hurdles over the last few years, with its market cap falling to the 24th position.
The cryptocurrency seems to be turning the tide as it has made considerable gains over the last few days.
Also Read: Top 3 Cryptocurrencies To Watch This Week: Late-August 2024
CoinCodex analysts anticipate MATIC to hit $0.678 on Aug. 25, 2024.
