Crypto Prices Surge as Bitcoin Nears $30K, Ripple Execs Cleared of Charges

Bitcoin passed $29,500 after Fed Chair Jerome Powell delivered a hawkish speech on interest rates.

XRP price jumped over 6% after Ripple executives were cleared of criminal charges by U.S. regulators.

Traders anticipate further Bitcoin upside after it held support at the 200-week moving average.

One trader suggested $30,000 is in sight for Bitcoin as it fills the wick from the October 17 volatility.

Another trader warned long liquidations could spark a BTC retrace during U.S. trading hours.