Bitcoin Falls After Fed’s Announcement
Bitcoin’s price dropped to $42,000 following the Federal Reserve’s decision to keep interest rates unchanged. This decision was influenced by factors such as falling inflation and a strong labor market.
Despite the decline, many analysts are still optimistic about Bitcoin’s future. They believe that the upcoming Bitcoin halving event could trigger a bull run.
NuggetRush Potential Gains in 2024
NuggetRush, a platform that offers a play-to-earn game for gamers to earn rewards, may benefit from the Bitcoin halving event. The platform’s virtual world is based on the gold rush, allowing players to stake NFTs and NUGX tokens for rewards. The game also features various NFT collections, including RUSHGEM NFTs with up to 20% returns when staked.
Currently, over 168 million NUGX tokens have been sold in the ongoing presale at a price of $0.018 per token.
XRP Shows Stability
XRP recently broke above a bearish pattern but remains in a bearish formation around the $0.50 support level. Some analysts predict that XRP could rally and surpass $1 in 2024.
Hot Take: Crypto Assets React to Fed’s Decision
The Federal Reserve’s decision had a negative impact on crypto assets, causing Bitcoin’s price to drop. However, there are indications that both XRP and NuggetRush could see positive trends in the long term.
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