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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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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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XRP recovery faces resistance as derivatives demand cools

XRP recovery faces resistance as derivatives demand cools

XRP holds support at the 50-day EMA, but the 200-day EMA may limit recovery. XRP bulls battle to regain control, while momentum indicators remain downward, weighing on price action.

Crypto Today: Bitcoin, Ethereum, XRP stabilize defying macro headwinds and ETF outflows

Crypto Today: Bitcoin, Ethereum, XRP stabilize defying macro headwinds and ETF outflows

Bitcoin is showing resilience, trading up above $76,000 on Thursday. The uptick follows the US Fed decision that hiked interest rates the day before. Meanwhile, ETH gains momentum toward $2,500, suggesting the return of bulls as macro headwinds settle.

Bitcoin extends cautious rebound as ETF outflows, hawkish Fed risks cap upside potential

Bitcoin extends cautious rebound as ETF outflows, hawkish Fed risks cap upside potential

Bitcoin extends rebound trading above $76,500 on Thursday after a mild recovery the previous day. The Fed’s hawkish outlook, alongside escalating Middle East tensions, could limit BTC upside potential.

Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Ripple edges higher to $1.30 on Thursday, supported by its 50-day EMA at $1.28. Cardano holds near the short-term support trendline, with bulls attempting to reclaim the 50-day EMA at $0.1994.

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.