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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FXStreet Team

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XRP approaches key support as risk-off sentiment deepens

Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.

Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment

The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.

The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes

Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).

The crypto market is moving in the opposite direction to equities

The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.