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Cryptocurrencies Price Prediction: Bitcoin, ADA & UniSwap – American Wrap 18 January

ADA Price Analysis: Cardano price snaps three-day losing streak amidst market turmoil

Cardano (ADA) price is having its first test in 2023. Central banks are the reason. Early this Wednesday morning, the Bank of Japan surprised markets with no change to its monetary policy. A few hours later, European Central Bank (ECB) member Villeroy set the record straight on market assumptions that the ECB would only hike 25 basis points in February and then halt. Villeroy would not have any of that and pushed the idea that 50-basis-point hikes would be maintained until the summer.
ADA/USD daily chart

Bitcoin recovery fuels NFT growth, digital collectibles garner big interest as BTC crosses $21,550

Bitcoin wiped out all its losses from the FTX exchange crash in November, BTC recovered and hit a cycle high at $21,550, following the release of lower-than-expected CPI and then PPI inflation data, which hit the US Dollar. 
NFT trading and Bitcoin price recovery
Uniswap prices are testing support after last week’s 25% surge. Time will tell if the bulls can sustain their presence or if bears will forge a much larger decline.
tm/uni/1/18/22

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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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