|

Cryptocurrencies Price Prediction: Bitcoin, Chainlink & Sui — Asian Wrap 02 February

Bitcoin Weekly Forecast: BTC price remains indecisive despite strong fundamentals

Bitcoin (BTC) price shows no signs of directional bias in the short term as it trades around $43,000. But the on-chain metrics reveal a clear bullish signal that could potentially kick-start the bull run. 

Chainlink surges to two-year high after dormant coins change hands

Chainlink (LINK) price has risen by more than 17% on Friday, reaching its highest level since January 2021, partly fuelled by sudden movements of long-held coins. Momentum indicators suggest that Chainlink’s upward trend is strong and may continue if positive sentiment is maintained.

Sui price volatility increases with $53 million worth of SUI tokens due to hit markets

Sui (SUI) price is down a fraction with heightened volatility as holders prepare for 34.62 million SUI tokens worth $53.31 million to hit the market as part of community early access program.  

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

Top Altcoins Price Forecast: Ripple, Cardano, Solana – ETF inflows, whale demand signal further rally

Ripple, Cardano, and Solana continue to experience a steady recovery with double-digit gains so far this month. Ripple and Solana experience firm institutional demand, while the percentage of ADA supply in profit rises, underpinned by interest from large-wallet investors, commonly referred to as whales.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC reclaims $84,000, ETH heads toward recent highs, XRP extends rebound

Bitcoin, Ethereum, and Ripple extend their recovery on Friday after recent pullbacks, as investors show renewed buying interest. BTC reclaims the $84,000 level, ETH moves back above $2,688 while XRP builds on recent’s gains. The price action of these top three cryptocurrencies will be crucial as bulls attempt to sustain the rebound and challenge key resistance levels.

Crypto exchange Bitget hacked for over $350 million
Cryptocurrency exchange Bitget has been hacked for over $351 million after attackers compromised a few of its hot wallets. The hack was first flagged across several onchain tools, which initially noted over $180 million in assets moving from a few of the exchange's wallets to unidentified addresses.
Federal Reserve seeks public input on two stablecoin proposals under GENIUS Act
The Federal Reserve (Fed) Board is seeking public comment on two proposals that would establish a regulatory framework for payment stablecoin issuers supervised by the central bank under the GENIUS Act. The proposals, announced Thursday, would establish requirements covering stablecoin reserves, capital, risk management and the approval process for banks seeking to issue payment stablecoins.
Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed
Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.