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Cryptocurrencies Price Prediction: Altcoins, Bitcoin & Ethereum – American Wrap 30 January

Cryptocurrencies Price Prediction: Altcoins, Bitcoin & Ethereum – American Wrap 30 January
FXStreet TeamFXStreet TeamFXStreet

WEN, JUP: Two altcoins are driving Solana price recovery

Solana (SOL) price is making a comeback, indicated by a developing V-shaped recovery after a 25% fall that began on January 18. However, this move north hinges on hype around two altcoins built atop the Solana blockchain, making it critical for traders to exercise caution.
Franklin Templeton, boasting upwards of $1.6 trillion in assets under management (AUM), is now advertising their spot Bitcoin exchange-traded fund (ETF) on Google. Others include BlackRock and VanEck. It comes after a Google policy update, and with these three already taking advantage of the development, more are expected to follow.
 

Ethereum’s supply in circulation is on a decline as ETH staked in the deposit contract rises and on exchanges drops. Traders are likely holding on to their Ether, contributing to likely decrease in selling pressure. 

ETH price could recover from its slump after 8% weekly losses for holders. 

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Bitcoin: $100K on the knife-edge

Bitcoin: $100K on the knife-edge

Bitcoin (BTC) price continues to trade in red, below $101,000 at the time of writing on Friday, having dropped more than 8% so far this week. The decline comes amid mounting selling pressure from long-term holders, who continue to offload their positions.