Cryptocurrencies Price Prediction: Bitcoin, ApeCoin & Aptos — Asian Wrap 07 February

FXStreet Team FXStreet

Bitcoin price sustains uptrend as Chinese investors stampede out of local market in favor of US-focused ETFs

Bitcoin (BTC) price continues to sustain its bullish outlook, holding above a key support level. Among other drivers, the spot BTC exchange-traded fund (ETF) theme continues to drive markets even as investor countdown to the halving event continues.

ApeCoin Price Prediction: An 8% fall seems likely for APE with multiple bearish signals at play

ApeCoin (APE) price is trading with a bearish bias, trapped within the confines of the Bollinger indicator. With the upper and lower bands of this technical tool coming together, the volatility contraction could see APE record a bold move soon.

Aptos price nosedives 10% in February despite foundation's first-ever online hackathon

Aptos (APT) price is trading with a bearish lean in February despite a notable surge during the last stretch of January. It comes amid an ongoing choppy altcoin market, with cryptocurrencies suffering in the wake of an indecisive Bitcoin (BTC) market as traders await the next volatility expansion.

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FXStreet Team

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Ripple risks extending drop as June lows come into view

Ripple (XRP) ticks down below $1.20 with short-term support at $1.16 intact at the time of writing on Thursday. An early-week rally was rejected at $1.28, weighing on sentiment as traders broadly de-risked.

Crypto Today: Bitcoin, Ethereum and XRP pare losses on increasing bets of Fed tighter monetary policy

Cryptocurrency prices are broadly moderating downwards on Thursday, as market participants assess the impact of the Fed’s hawkish monetary policy stance. Bitcoin edges lower, with support at $64,000 holding.

Bittensor Price Forecast: TAO closes in key support, risking deeper losses

Bittensor price edges below $250 at press time on Thursday, marking its fourth straight day of losses. The AI token is losing retail demand as TAO futures Open Interest dips over 8% in the last 24 hours.

Bitcoin slips below $64,000 as hawkish Fed stance weighs on risk appetite

Bitcoin remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Fed left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.