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Cryptocurrencies Price Prediction: Bitcoin, Algorand & Ethereum– American Wrap 17 March

Cryptocurrencies Price Prediction: Bitcoin, Algorand & Ethereum– American Wrap 17 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price maintains uptrend in response to the Federal Reserve’s rate hike

Bitcoin price stays above $40,000 after the US Federal Reserve’s long-awaited announcement of the interest rate hike. Most altcoins in the top 30 witnessed a surge in price. Proponents noted that after low volatility for weeks, Bitcoin price witnessed a breakout, skyrocketing $3,000 within a single day. 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos undergo profit-taking before continuing relief rally

Bitcoin price, Ethereum and other cryptocurrencies are in profit-taking mode after a fierce long overdue relief rally. Although talks are ongoing and the recovery is still very much intact with several important price breakouts above critical levels and hurdles, it will be essential to see these levels hold. The uptrend’s continued progress will be vital for the maintenance of the current relief rally as the weekend approaches with a risk that it could be cut short very quickly.

Algorand price set for explosive rally to $1.10

Algorand price action, like the majority of the cryptocurrency market, continues to recover after prolonged selling pressure. However, whether the current bounce is a real beginning to a new uptrend or simply a relief rally remains to be seen.

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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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Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
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.