TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: Bitcoin, Cryptos & Chainlink – American Wrap 25 September

Cryptocurrencies Price Prediction: Bitcoin, Cryptos & Chainlink – American Wrap 25 September
FXStreet TeamFXStreet TeamFXStreet

MicroStrategy acquires $147 million worth of Bitcoin in two months, still bearing a 12% loss

The crypto market has been struggling to recover from the bearishness witnessed in August. However, MicroStrategy is making the most of the situation. The Michael Saylor company acquired more Bitcoins during the August crash, adding to its overall BTC holdings, and the losses amounted to it.
BTC/USD 1-day chart

This week is not as interesting as the next week, but regardless, let’s talk about what you should be paying attention to.

  1. Bitcoin price 
  2. Fed Chairman Powell's speech on September 28.
  3. PCE Price Index on September 29
  4. Hashdex Bitcoin spot ETF deadlines on September 29.
  5. Ethereum futures ETF approval on October 2. 
BTC/USDT 1-day chart
Chainlink (LINK) has outperformed most altcoins in September with 25% gains over the past two weeks. LINK tokens are consistently being pulled out of exchanges and being moved to cold wallets, reducing the selling pressure on the asset.
Chainlink supply on exchanges
 

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

CFTC Chairman pushes for crypto regulations as agency seeks public comments on proposed rules

CFTC Chairman pushes for crypto regulations as agency seeks public comments on proposed rules

Commodity Futures Trading Commission Chairman, Michael Selig, said the agency will move ahead with crypto market regulations after Congress failed to advance legislation that would have established a broader framework for digital assets.

Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

Ripple and Stellar face pressure trading below $1.499 and $0.220, respectively, after a modest correction at the start of the week. Traders should be cautious as weakening derivatives metrics and fading bullish momentum suggest further corrections for XRP and XLM. Derivatives data shows a weakening and cautious signal among traders.

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

Zcash hovers around $1,348 sustaining its mild gains from Sunday. The network upgrade NU7 went live on Monday, boosting transaction speed and redirecting 60% of transaction fees into future rewards. The institutional outflow eased to roughly $3.50 million on Monday, down from $93.56 million last week, suggesting reduced pressure from redemptions.

Ethereum Price Forecast: BitMine scoops extra ETH tokens following Q3 outperformance

Ethereum Price Forecast: BitMine scoops extra ETH tokens following Q3 outperformance

Ethereum (ETH) treasury firm BitMine Immersion continued its buying streak of the top altcoin last week. The firm acquired 15,112 ETH, lifting its holdings to 6.016 million ETH, representing 4.9% of ETH's circulating supply and worth $16.16 billion at the time of writing. That brings the company roughly 98.5% closer to acquiring 5% of ETH's supply, a goal it tags "Alchemy of 5%."
Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.