Cryptocurrencies Price Prediction: Bitcoin, Cryptos & Hedera – American Wrap 17 January

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Bitcoin rallies to $104,000 as crypto traders gear for Donald Trump’s inauguration, here’s what to expect

Bitcoin (BTC) rallied to a high of $104,254 on Friday as traders anticipate a Trump-led rally with the inauguration event on Monday. The crypto community of traders, investors and businesses has pinned their hopes on the first-ever crypto president’s plan to designate crypto as a national priority.

The crypto market keeps its pace

The cryptocurrency market increased by 2.7% in the past 24 hours, reaching $3.6 trillion. It is returning to levels seen on January 7th and has been maintaining steady growth since the beginning of the week. Successful consolidation at these levels could pave the way to historical highs observed in December, effectively ending the period of corrective pullback and consolidation.

Hedera Price Forecast: HBAR bulls aim for all-time highs

Hedera’s (HBAR) price extends its gains, trading at $0.384 on Friday after rallying more than 38% this week. HBAR Foundation announces that Vaultik and the World Gemological Institute have partnered to tokenize $3 billion worth of diamonds, gemstones, watches, and jewelry as Real World Assets (RWAs) on the Hedera network. On-chain data also paints a bullish picture as HBAR’s Open Interest and Total Value Locked reach record levels, suggesting a rally continuation targeting all-time highs.

HBAR Open Interest chart. Source: Coinglass

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FXStreet Team

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Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.