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Cryptocurrencies Price Prediction: Binance Coin, Ripple & Bitcoin — Asian Wrap 09 January

Cryptocurrencies Price Prediction: Binance Coin, Ripple & Bitcoin — Asian Wrap 09 January
FXStreet TeamFXStreet TeamFXStreet

BNB Price Forecast: Poised for a decline on negative Funding Rate

BNB (BNB) price hovers around $696.40 on Thursday after declining 4.58% in the previous two days. BNB’s momentum indicators hint for a further decline as its Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bearish signals. Additionally, Coinglass’s OI-weighted funding rate data is also negative, suggesting potential downward pressure on BNB’s price.

Ripple's XRP eyes recovery following executives' dinner with Donald Trump

Ripple's XRP is up 2% on Wednesday following positive sentiments surrounding its CEO Brad Garlinghouse's recent dinner with incoming US President Donald Trump. If the recent recovery sentiment prevails, XRP could stage a breakout above the upper boundary line of a bullish pennant pattern.

Has Bitcoin topped for the cycle? Here's what key metrics suggest

Bitcoin (BTC) experienced a 2% decline on Wednesday as the cryptocurrency market grapples with recent losses. On-chain data has indicated a shift in the accumulation of the leading cryptocurrency, suggesting that holders are increasingly selling their assets. Despite this shift towards distribution, Bitcoin's Market Value to Realized Value (MVRV) ratio suggests that the current market cycle has not yet reached its peak.

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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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Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple and Stellar remain under pressure, with both altcoins correcting slightly. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels. Mixed derivatives and on-chain metrics suggest cautious sentiment, leaving both tokens vulnerable to further downside while offering hope for a potential recovery.

Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Crypto Market Overview: Bitcoin loses softer CPI gains – Virtuals Protocol, OKB rise

Bitcoin is trading around $63,000 after three consecutive days of losses. The US Consumer Price Index for July met market expectations of 3.4% the previous day, resulting in a mild rebound in BTC above $64,000, but it was lost later in the day, leading to a bearish close. Virtuals Protocol and OKB have emerged as top performers over the last 24 hours.

Bitcoin faces thin liquidity and missing demand amid seller stress — Glassnode

Bitcoin faces thin liquidity and missing demand amid seller stress — Glassnode

Bitcoin is showing signs of growing market exhaustion, with weakening liquidity and subdued demand leaving the market vulnerable to a sharp move, according to a Glassnode report on Wednesday. The firm stated that Bitcoin is trading between two important cost-basis levels as market activity has fallen to its lowest point since 2019.

Bitcoin shows early signs of bottom despite lingering market stress

Bitcoin shows early signs of bottom despite lingering market stress

Bitcoin (BTC) is showing several signs of a potential market bottom as multiple indicators show improving market conditions, according to CryptoQuant analysts. CryptoQuant data revealed that Bitcoin has produced a second early bull signal, a pattern that has historically appeared closer to market bottoms.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.