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Cryptocurrencies Price Prediction: Axie Infinity, Bitcoin & Ethereum — Asian Wrap 20 February

Cryptocurrencies Price Prediction: Axie Infinity, Bitcoin & Ethereum — Asian Wrap 20 February
FXStreet TeamFXStreet TeamFXStreet

Axie Infinity Price Prediction: AXS shows inherent risk moving forward

Axie Infinity (AXS) price shows a short-term bullish trend with inherent risk attached. Traders should be on the lookout for any sudden changes in market behavior.

Bitcoin Price Prediction: The trend is your friend

Bitcoin price displays technicals that reinforce the newly established bullish narrative. Traders should keep a close eye on Bitcoin as an uptick and volatility is likely to occur.

Ethereum Price Prediction: ETH still in an uptrend but caution is justified

Ethereum price has been consolidating within an overall uptrend, but there are signs of a potential trend reversal. Traders should exercise caution and implement effective risk management strategies before entering any trades on the ETH price.

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FXStreet Team

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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Injective: Mounting selling pressure threatens a long-term support trendline

Injective: Mounting selling pressure threatens a long-term support trendline

Injective (INJ) extends losses below $7.50 at press time on Thursday, attracting sellers after the previous day’s 6% decline. The derivatives market shows a sell-side bias among traders, as market orders continue to sweep resting bids amid declining Open Interest in INJ futures. The technical outlook for INJ is mixed, with a key support trendline in focus.
Bitcoin under pressure as MSCI removes Strategy from global indexes, puts billions in fund flows at risk

Bitcoin under pressure as MSCI removes Strategy from global indexes, puts billions in fund flows at risk

Bitcoin remains under pressure, trading below $73,800 on Thursday after correcting over 1.5% so far this week. Bearish sentiment grew after news on Wednesday that MSCI, the global index provider, announced it will drop Strategy and other BTC-holding companies from global indexes, putting billions in fund flows at risk.

MSCI drops Strategy from indexes: What it means for Bitcoin

MSCI drops Strategy from indexes: What it means for Bitcoin

Strategy and Bitcoin came under fresh pressure late Wednesday after MSCI finalized its decision to remove the Bitcoin treasury company from its global indexes, raising concerns about potential selling pressure on MSTR shares and its future Bitcoin purchases.

Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe have yet to find a floor

Meme Coins Price Prediction: Dogecoin, Shiba Inu, and Pepe have yet to find a floor

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), continue to attract sellers as the broader cryptocurrency market maintains a risk-off sentiment. Bitcoin (BTC) slipped below $75,000 this week amid hot US inflation reports, adding to last week’s uncertainty over tighter regulation as Democrats won the midterms.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.