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Cryptocurrencies Price Prediction: Axie, Maker & Bitcoin – European Wrap 15 January

Axie Infinity and Bitcoin Cash hold up despite high ratio of shorts

The green light from the US  Securities and Exchange Commission (SEC) for the Bitcoin Spot ETF caused a notable surge among many altcoins, which benefited from an overnight increase in their prices with either new capital inflow or capital rotation. 

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Maker whale transactions pick up pace in January, large wallets accumulate MKR

Maker (MKR), the token of a smart contract platform built on the Ethereum blockchain that is focused on improving peer-to-peer transactions, is on the rise. Recent activity in MKR indicates that the token is being accumulated by large wallet addresses, throughout January 2024. 

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Bitcoin and financial inclusion

Latin America has been recognized as one of the most complex economic regions worldwide.

The Latin American continent has different financial challenges, such as high inflationary economies and a lack of financial inclusion, among others.

Inflation is usually characterized as one of the biggest structural problems within the region's economies, with currency depreciation resulting in a loss of economic capacity for the residents.

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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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Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top altcoins, Ripple, Cardano, and Solana, hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period. The brief pause suggests that the markets have priced in October’s hot CPI of 0.4%, beating the 0.3% market expectation.

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Bitcoin corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum and Ripple. The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network price is holding steady around $0.0700 at press time on Thursday, consolidating around the round figure after Tuesday’s 8% rebound. The rebound coincided with a massive outflow of more than 590 million PI tokens from the OKX exchange wallet, suggesting reduced downside pressure.

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.