Bitcoin Dips Below $110K
Bitcoin is also down this week. After reaching a high above $124,000 in mid-August, the price has fallen below $110,000. Its market cap is now under $2.2 billion.
September has often been a slower month for Bitcoin. Data from CoinGlass shows a pattern of weaker performance during this time of year. Some market watchers expect this trend to continue in the near term.
Still, not everyone sees the current dip as a concern. Cardano founder Charles Hoskinson recently said he believes Bitcoin could reach $250,000 before this cycle ends. He also mentioned a possible $10 trillion market value within five years, though he added this would depend on broader adoption and market strength, saying it could happen “if growth holds steady.”
CRO Gains After Trump Media Deal
CRO, the token tied to Crypto.com, made a sharp move this week, climbing over 100% in just a few days. The price touched $0.40 before settling back near $0.29, based on data from CoinGecko.
The rise followed an announcement by Trump Media, which shared plans to buy nearly 2% of CRO’s total supply. The company is expected to spend around $105 million to purchase more than 685 million CRO tokens. These will be used within the Truth Social and Truth+ platforms to launch a rewards program that works with Crypto.com’s wallet services.
Alongside this move, Trump Media, Crypto.com, and Yorkville are planning to create a joint digital asset fund. That fund is set to acquire nearly 19% of all existing CRO tokens.
Traders responded quickly to the news. On social media, some users pointed to more growth ahead. One user on X, JAVON MARKS, suggested the price could triple to $0.88.
Another, known as CryptoPulse, pointed to $0.50 as a possible target but added it would depend on “momentum coming back.”
Technical indicators show CRO’s Relative Strength Index (RSI) has gone above 70. This often signals that an asset has been overbought, which could mean a short-term dip is possible.
XRP Faces Resistance, Forecasts Remain Mixed
XRP has been under pressure. Its price dropped to about $2.85 after failing to hold above $3.10. Earlier in the week, analyst Ali Martinez had mentioned a move toward $2.83 if the $3.10 level didn’t hold. That scenario has now played out.
Despite the drop, others still see a possible move higher. One trader, posting under the name Mags, said the current price pattern looks similar to XRP’s setup in 2017. If the same trend plays out, they believe XRP could reach $5.20 or even $7.30. However, this idea is based on historical moves, not guaranteed outcomes.
The week’s movement across CRO, XRP, and BTC shows that crypto markets remain active, with prices shifting on both news events and long-term forecasts.
