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Highlights
- The European Central Bank announced a 2.25% interest rate cut, influencing many crypto tokens.
- Investors anticipate that this move could pressure the US Fed to cut rates, which is bullish for the crypto market.
- Ethereum, XRP, and Dogecoin are the top three bullish crypto tokens to buy.
While the uncertainty persists amid US economic events, the European Central Bank has announced a 2.25% interest rate cut, influencing investor sentiments to buy crypto tokens. The crypto market has been in complete turmoil since the beginning of the year, and the Trump trade war has continuously escalated it. However, as the ECB took a significant step, the anticipation is rising for the US Fed to do the same. Before that happens and crypto turns bullish, let’s discuss the top coins that could explode.
ECB Announced 25 Basis Point Interest Rate Cut, Time to Buy Crypto Tokens?
The European Central Bank (ECB) has announced the seventh interest rate cut of the year. With a new cut of 25 basis points to 2.4%, the rate is now at the lowest level since late 2022. Although this decision came amid slowing economic growth and countering the post-pandemic spike, the crypto tokens could feel a significant upward trend.
More importantly, this could influence the Fed’s rate cut decision, which is much needed amid Trump’s tariff introduction. Experts believe this is the only way to tackle the recession odds.
Even US President Donald Trump has asked for Jerome Powell’s termination due to the delayed rate cuts. Amid this, the market is still down but could recover once this uncertainty around rate cuts, Trump tariffs, and other macroeconomic events settles.
3 Crypto Tokens To Buy That Could Explode Next
Amid millions of crypto options, Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) are the best to buy. These are also the most trending and popular altcoins of the market and have significant utility and bullish performance potential.
Ethereum is at its lowest days, but is showing strong support for recovery in the last few days. Its status as a top cryptocurrency, high utility, ETF performance, and other factors make it a considerable buy option.
Similarly, XRP is on a bullish trajectory as the Ripple vs SEC case pauses, regulatory clarity builds, and the odds of spot ETF approval increase. Not to forget, the Teucrium launched the XRP ETF(leverage). Experts anticipate witnessing one of the biggest bullish rallies once the market recovers.
Similarly, experts like Alan predict Dogecoin’s 93-day bull run, which may push it towards the most anticipated $1 target. Its low price, high market demand, and bullish prediction make it among the most bullish crypto tokens to buy.
Frequently Asked Questions (FAQs)
1. Why is the interest rate cut bullish for the crypto market?
2. Which crypto tokens are good buys right now?
3. Will Dogecoin price hit $1 soon?
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