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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
 

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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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Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.