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Cryptocurrencies Price Prediction: Bitcoin, Cryptos & NFP – American Wrap 04 May

Cryptocurrencies Price Prediction: Bitcoin, Cryptos & NFP – American Wrap 04 May
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC pushback to winning ways rubs off on the broader market

Bitcoin (BTC) price has gained ground in the wake of the Federal Open Market Committee (FOMC) announcement, and with it, Ethereum and Ripple price are showing signs of improvement. Thanks to this newly found positive momentum, bulls appear to be putting a new threshold on BTC, with all credit going to the series of macro events that have just been completed.
The Nonfarm Payrolls report for the month of April will have an effect not just on the stock markets in the United States but also on the crypto market, potentially beating down Bitcoin price. However, a strong job report, considering the current market conditions, would be quite surprising.
BTC/USD 1-day chart
Bitcoin price has resumed its upward trend post the US Federal Reserve’s 25 basis point (bps) interest rate hike. Experts like BitMEX CEO Arthur Hayes have noted the impact of failure of US banks on Bitcoin’s uptrend. 
BTC/USD 1W price chart
 

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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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