Cloudy weather with some sun lies ahead for the global crypto market, including Bitcoin and Ethereum, in the next 24 hours. This translates into a slightly bearish market with downside risk. Tropical conditions – very bullish with some upside potential – prevail for Ripple and Uniswap. The deal reached over the long weekend on raising the US debt ceiling left investors unmoved. So did the indirect consequence of the deal: the taxes proposed by the Democrats, including a 30 percent tax on crypto mining, are blocked.
Over a one-week horizon, cloudy weather with some sun for both major cryptocurrencies – Bitcoin and Ethereum. The outlook for Ripple is somewhat brighter signaling upside potential.