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Cryptocurrencies Price Prediction: Bitcoin, Coinbase & XRP – American Wrap 27 March

Cryptocurrencies Price Prediction: Bitcoin, Coinbase & XRP – American Wrap 27 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price defends $69K amid rumors of Morgan Stanley approving BTC ETFs on its platform

Bitcoin (BTC) price continues to hold above the $69,000 threshold for the third day as markets anticipate the month of April, which will bring the much-anticipated BTC halving. Before this landmark event, however, analysts were split about the next direction of BTC, with most biases leaning toward a short-term drop.
Coinbase has taken a huge step in its plans to operate business fully on chain by moving the USDC of users to its rising Layer 2 network Base beginning on Tuesday. While the move may reduce fees and improve settlement time, it has met mixed reactions from the crypto community.
 

Ethereum (ETH) exchange-traded fund (ETF) anticipation among traders has increased in the past few weeks, but the consensus on social media platform X is that an Ether ETF is likely to get rejected by the US Securities & Exchange Commission (SEC). 

Fox Business reporter Eleanor Terret shared an insight from a recent fireside chat with an institutional investor, Valkyrie Funds’ CIO. 

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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.

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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

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.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

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.