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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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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