Cryptocurrencies Price Prediction: Bitcoin, BONK & Crypto – European Wrap 25 March
Bitcoin Price Forecast: BTC traders stay on the sidelines amid uncertainty over US-Iran peace plan
Bitcoin (BTC) price rises slightly, trading around $71,000 as of writing on Wednesday and holding its recovery earlier this week. Despite the mild recovery, mixed spot Exchange Traded Fund (ETF) flows signal growing indecision among institutional investors, who appear to be holding their bets amid increasing uncertainty over talks between the US and Iran over a potential ceasefire. BTC traders in the derivatives markets remain passive, with no clear directional bias, suggesting BTC could remain range-bound in the short term.
Bonk Price Forecast: BONK extends recovery amid new bounty program
Bonk (BONK) is up 2% at press time on Wednesday, extending its third consecutive day of gains so far this week. BONK.fun has introduced a $7,000 daily bounty program to incentivize new token launches in Balanced Mode. The technical outlook for BONK shows a promising recovery from a key support zone, heading toward the 50-day Exponential Moving Average (EMA).
Crypto Today: Bitcoin, Ethereum, XRP hold key support amid Iran war, diminishing ETF demand
Cryptocurrency prices are broadly rising on Wednesday, shrugging off the war in the Middle East, which is now in its fourth week. Bitcoin (BTC) edges up above $71,000, with immediate support at $70,000.
Altcoins, including Ethereum (ETH) and Ripple (XRP), are holding above key support levels despite diminishing interest across digital investment products.
Author
FXStreet Team
FXStreet
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.
