Cryptocurrencies Price Prediction: Bitcoin, BNB & Crypto – European Wrap 20 March

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Bitcoin Price Forecast: BTC hovers above $85,500 as Trump calls the Fed to lower interest rates

Bitcoin (BTC) edges lower, trading around $85,500 at the time of writing on Thursday, after recovering nearly 5% the previous day following the Federal Reserve's (Fed) decision to keep interest rates unchanged and maintain its rate cut forecast for the year. Additionally, United States (US) President Donald Trump posted on the Truth Social platform on Wednesday, calling on the Fed to lower interest rates as tariffs start to hurt the economy. The US spot Bitcoin Exchange Traded Funds (ETFs) have recorded inflows for the third consecutive day this week, signaling a reduction in sell-side pressure.

BNB Price Forecast: Bulls aim for $680 mark

BNB (BNB) price is trading slightly above $624 on Thursday after finding support around its key level the previous day. The technical outlook suggests a rally ahead as momentum indicators show a bullish projection, targeting $679.90.

Crypto market testing resistance

The cryptocurrency market has been on the rise, growing by over 5% since Tuesday and reaching a total capitalisation of $2.81 trillion. Optimists are hopeful that, after hitting recent highs, the market is ready to shift towards growth. However, despite this excitement, it’s important to note that the crypto market has yet to break above its 200-day moving average, currently sitting close to $2.9 trillion. A strong rally above this level could trigger an active buying phase, but there’s also a risk of bears setting up a trap, as they’ve done several times before.

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Ripple and Stellar outlook: XRP and XLM rebound as bearish momentum weakens

Ripple and Stellar trade higher as both altcoins extend their recovery after defending key support levels earlier this week. XRP is up more than 2% so far this week, while XLM has rebounded after finding support around $0.177. Improving derivatives metrics and fading bearish momentum indicators suggest the recovery could extend in the near term.

Crypto Market Overview: Bitcoin eyes 50-day EMA breakout – Ondo, Ether.fi beat the market

The broader cryptocurrency market shows early signs of recovery, with Bitcoin testing a breakout above its 50-day Exponential Moving Average around $65,136. Improving risk appetite has investors turning toward DeFi tokens such as Ondo and Ether.fi that emerge as best performers over the last 24 hours.

Bitcoin bottom may be taking shape as selling pressure eases — Glassnode

Bitcoin's recent recovery may mark the early stages of a bottoming process as macroeconomic data continues to boost investor confidence, according to a Glassnode report on Wednesday. Bitcoin outperformed both US and European equities following the US CPI inflation report on Tuesday, recovering strongly after weeks of trading sideways near recent lows.

Ethereum Price Forecast: ETH rises above $1,900 as BitMine sees improved staking revenue

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) saw over $45.7 million in staking and validation revenue in the quarter that ended May 31, according to a 10-Q filing with the Securities and Exchange Commission (SEC). That figure represents roughly 98% of the firm's total revenue of $46.5 million, up from $2.05 million over the past year.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.