Cryptocurrencies price prediction: BTC, Chainlink & Crypto Market - American Wrap - 30 04
|Crypto Today: BTC price stalls at $95.5K as XRP, DOGE and AVAX slide on ETF verdict delay
The cryptocurrency sector capitalization declines 2.6% on Wednesday, as the United States (US) Securities and Exchange Commission (SEC) decision to delay XRP ETF reviews until June has triggered cascading sell-offs across top altcoin markets.
Bitcoin Price Forecast: BTC consolidates ahead of MicroStrategy Q1 earnings, strategic Bitcoin reserve deadline
Bitcoin (BTC) is extending its consolidation streak to five consecutive days, trading around $95,000 on Wednesday, as investors await a decisive breakout. A K33 report highlights two key events to watch this week: MicroStrategy’s Q1 earnings release and the approaching deadline for the Strategic Bitcoin Reserve.
Chainlink price offers mixed signals as supply outside of exchanges soars but network activity declines
Chainlink's (LINK) price holds steady while trading at $14.55 at the time of writing on Wednesday, continuing the consolidation seen in recent days. The smart contracts oracle token showcases the potential to sustain the uptrend that started in mid-April within the confines of an ascending channel, if key on-chain metrics, such as the Supply outside of Exchanges, continue to surge. However, the declining network activity observed in the Active Addresses and New Addresses metrics signals that the uptrend may be losing momentum.
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