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Cryptocurrencies Price Prediction: Aave, Bitcoin & Meme coins — Asian Wrap 08 April

Cryptocurrencies Price Prediction: Aave, Bitcoin & Meme coins — Asian Wrap 08 April
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AAVE price climbs as founder talks of “fee switch” to redistribute fees to stakers and holders

Aave (AAVE), a DeFi protocol that earns $50 million in profits every year, is considering the redistribution of fees among the token’s stakers and holders. The founder Marc Zeller said that the platform’s Decentralized Autonomous Organization (DAO) earns enough profits to cover operational expenses for the next five years. 

Bitcoin halving is less than two weeks away, traders likely to buy the rumor sell the news

Bitcoin has been range bound since its year-to-date peak of $73,777 on March 14. The largest asset by market capitalization is less than two weeks away from its block reward halving and analysts at Steno Research say a “buy the rumor, sell the news” scenario is likely. 

Base hits nearly $1.3 billion in total value locked, meme coins rally

Base chain, Coinbase’s Layer 2 chain hit two key milestones on Sunday, April 7. The chain surpassed the Ethereum Layer 1 in terms of transactions per second and hit a new milestone in total value of cryptocurrencies locked on Base. 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

Bitcoin (BTC) braces for the impact of the US midterm elections, just a week after the $6 billion hack from Binance. Historically, congressional elections have negatively affected not just the president’s party but also Bitcoin.

Bitcoin slips below $78,000 amid ETF outflows

Bitcoin slips below $78,000 amid ETF outflows

Bitcoin (BTC) slips below $78,000 at the time of writing on Monday after posting its fourth straight weekly loss. Institutional demand shows signs of weakening, with spot Exchange Traded Funds (ETFs) recording outflows of over $202 million last week.

Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

Bitcoin hovers above $78,000, building on the 100-day EMA support as market sentiment remains weak. Ethereum shows signs of recovery near $2,300, though upside remains technically capped.

Pi Network tests long-term resistance breakout as selling pressure wanes

Pi Network tests long-term resistance breakout as selling pressure wanes

Pi Network edges higher on Monday, testing the bullish breakout of a long-term resistance trendline. Fear and Greed Index declines to 36 from 43 last week, indicating reduced risk appetite.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.