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

FXStreet Team FXStreet

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.

US Nonfarm Payrolls Preview: Bitcoin price set to breach $30,000 if jobs in April hit this figure

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.

These three catalysts are key to Bitcoin price rally to $35,000

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.

Author

FXStreet Team

FXStreet

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.

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.