From Investing.com: 2024-04-13 09:30:23

Legendary trader Peter Brandt has caused a stir in the crypto community with his enigmatic remark about the XRP versus BTC chart, suggesting it’s “headed to Antarctica.” Some interpret this as a bearish outlook, while others see it as uncharted territory with potential to outperform BTC historically.

The crypto market faced a bloodbath as cryptocurrencies plummeted due to risk-off sentiment spreading from traditional markets. Bitcoin (BTC) dropped to $65,110 before bouncing back to above $67,000, down 5% in 24 hours. XRP also sharply dipped to $0.507 from $0.616, down 11.56% in 24 hours to $0.54.

XRP’s performance against Bitcoin has been closely monitored, with XRP hitting a seven-year low. Brandt’s mysterious forecast on the XRP versus BTC chart has captured attention and left many deciphering the meaning behind his chilly prediction. Investors await to see if the market will follow this course or surprise with a different trajectory.

Read more at Investing.com.: Legendary Trader Peter Brandt’s Cryptic Comment Sparks Intrigue By U.Today