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Cryptocurrencies Price Prediction: Bitcoin, Cryptos & NFP – American Wrap 02 April

Cryptocurrencies Price Prediction: Bitcoin, Cryptos & NFP – American Wrap 02 April
FXStreet TeamFXStreet TeamFXStreet

Weekly recap: TRON expands to Ethereum, XRP social volume spikes, Credit Suisse-backed firm integrates Polygon

This week, Bitcoin and altcoins in the top 30 assets continued their decline. XRP decoupled from the rest of the altcoins and observed a rise in social volume. MATIC’s blockchain continues to bag partnerships and integrations with giants like Credit Suisse-backed Taurus. 

XRP social dominance and volume as seen on Sentiment

Bitcoin price struggles after hot US NFP data

Bitcoin price experienced a pullback after a mixed US NonFarm Payrolls report for May. While typically a hot job creation print doesn’t bode well for Bitcoin in the short term, slowing wage growth could make a difference and signal a recovery ahead.

Bitcoin/USD one-day price chart

China crypto community picks Ethereum, Arbitrum and BNB Chain as top protocols

Ethereum, Arbitrum and BNB Chain protocols are top picks for the Chinese crypto community, data from a report shows, a possible bullish catalyst for tokens related to these protocols as Hong Kong opens the door of crypto to retail investors. 
Blockchain protocols popular among Chinese-speaking users
 

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