Cryptocurrencies Price Prediction: Bitcoin, Chainlink & Ripple — Asian Wrap 22 June

FXStreet Team FXStreet

Bitcoin ETF summer, Valkyrie investment firm joins BlackRock, WisdomTree, and Invesco in spot BTC application

Bitcoin Exchange Traded Fund (ETF) is the current theme in the crypto market as institutional investors move to provide users with regulated options to participate in the BTC market. The trend has intensified so much that experts say it is the main driver behind the current Bitcoin (BTC) rally.

Over 70k LINK holders await Chainlink price to rally by 20% in order to gain profits

Chainlink price is slow in its recovery, which is impacting its investors as well, whose sentiment is turning more and more negative to the point where they chose to sell at a loss. Even now, for a chunk of the LINK holders to gain profits, they might have to wait for a while longer as a significant rally is required for it to occur.

XRP price could mark new 2023 highs on the back of institutional investors' interest

XRP price has had a slow recovery in comparison to many of the top cryptocurrencies, even as Bitcoin broke above the $30,000 mark. However, while the Ripple token is lagging in price rise, it's making up for it in terms of gaining institutions' interest. That might be the key to pushing the altcoin to new highs.

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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.