Cryptocurrencies Price Prediction: Bitcoin, Cryptos & MATIC – American Wrap 14 September

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First mover Americas: BTC holds $26K, Hedera’s HBAR jumps

Bitcoin rose slightly on Thursday as traders digested concerns of a ruling in the FTX court case that temporarily spooked markets earlier this week. BTC added less than 1% over the past 24 hours to trade over $26,300 at the time of writing. Hedera Hashgraph (HBAR) and Solana’s SOL led gains amongst major tokens, rising 6% and 3%. Hedera announced on Wednesday at Token 2049 in Singapore that Stablecoin Studio, its open-source stablecoin issuance and management toolkit, is live. The CoinDesk Market Index (CMI), a broad-based index that tracks the prices of hundreds of tokens, rose 1.67% in the past 24 hours.

Why is the crypto market up today?

The combined market capitalization of cryptocurrencies has jumped in the last 24 hours as traders anticipate no monetary policy action after the latest U.S. inflation data.

MATIC price climbs as Polygon outlines proposals for 2.0 upgrade

Ethereum network’s largest scaling solution, the Polygon network, officially proposed on Thursday three key changes ahead of its Polygon 2.0 upgrade. The proposals, which still have to be approved by the community, include the creation of a new POL token, which will replace the current MATIC token.

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Cardano Price Forecast: ADA capped at $0.20 warns of over 15% downside

Cardano price is trading in the red on Wednesday, reversing after the recent 25% recovery was capped at $0.2000 the previous day. Speculative demand in ADA futures is easing, with Open Interest and funding rates declining. The technical outlook is mildly bearish, hinting at a pullback toward the 50-day Exponential Moving Average at $0.1761.

Crypto Overview: Bitcoin steadies above $64,000 – PUMP, ZEC sustain gains

Bitcoin price edges above $64,000 at press time on Wednesday, heading toward its 50-day Exponential Moving Average at $64,652. Meanwhile, Pump.fun and Zcash sustain gains after a rebound on Tuesday, with bulls eyeing further upside.

Aave founder revolts against proposal to cap Ethereum staking incentives at 50% of supply

Ethereum community members have pushed back against a new proposal that seeks to change the network's staking issuance policy by gradually reducing staking rewards as the number of staked ETH approaches 50% of total supply.

Ethereum Price Forecast: ETH holds steady below $1,900 as retail distribution rises

Ethereum (ETH) continued trading flat on Tuesday following modestly increasing exchange net flows and continued distribution across retail wallets. Ethereum on-chain data shows mixed sentiment across several wallet cohorts.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.