|

Cryptocurrencies Price Prediction: Binance Coin, Cardano & Cryptos — American Wrap 21 March

Cardano price jumps over 4% at US opening bell: Here is what you need to know

Cardano (ADA) price jumped over 4% higher on Tuesday at the US opening bell as bulls pulled a short squeeze on bears. The move is so big that a contracting triangle gets broken to the upside. Expect from now on a two-tiered sprint with the first target $0.36 and the next $0.40 in a bullish upswing.
ADA/USD  4H-chart    
Binance Coin price has been adhering to the broader market cues for the last couple of days as the crypto market flourished against the macroeconomic conditions. The bullish narrative noted at the hands of buyers is expected to stick, which could push BNB further, provided this hurdle does not hinder its rise.
BNB/USD 1-day chart
Crypto.com, a leading cryptocurrency exchange with nearly 80 million users worldwide, announced the listing of the Shiba Inu rival token, Floki Inu (FLOKI) on its mobile app on Tuesday. FLOKI price climbed nearly 5% since the announcement, hitting a seven-day high of $0.000040.
Floki Inu/ Tether 1D price chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

XRP approaches key support as risk-off sentiment deepens
Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.
Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment
The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.
The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes
Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).
The crypto market is moving in the opposite direction to equities
The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?
Bitcoin: Bulls hold the line
Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.