Cryptocurrencies Price Prediction: Bitcoin, DEX & MASK– American Wrap 16 February

FXStreet Team FXStreet

Bitcoin price could run up to $41,000 over the next month if it follows this pattern

Bitcoin price rose by nearly 10% in the last 24 hours to bring the trading price to $24,460. While many assume this is all the fuel the king coin has in its bullish tank, BTC is actually suggesting a different possibility.

Bitcoin bearish divergence in April 2019

Market demand pushes trading volumes on DEX level finance to over $1b

Trading volumes on BNB Chain-based decentralized finance exchange Level Finance have crossed over $1 billion in a little over two months since its December launch – suggesting high interest from users for such products.

MASK price ready to jump 25% under these specific conditions

Mask Network (MASK) had had a staggering performance these past three days, even before the US inflation numbers came out. With traders becoming convinced that 2023 is the year of the turnaround that will reintroduce more normal market conditions, price action is seeing investor inflow to get ahead of that. As inflation drops, tensions between China and the United States are seen cooling down, and Ukrainian tensions are becoming the new normal. Markets are focused instead on only good news.

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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 ticks up as buyers re-engage

Ripple trends higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

Bitcoin stages modest rebound ahead of US PPI data

Bitcoin recovers slightly, trading above $62,500 on Thursday after three consecutive days of losses. US-listed spot ETFs recorded outflows of $213.85 million on Wednesday, indicating persistent withdrawals amid renewed US-Iran tensions.

Pi Network: Recovery at risk with 16 million PI tokens ready for unlock

Pi Network edges higher on Thursday after three days of consecutive losses earlier this week, extending the prevailing downtrend since late April. The scheduled unlocking of 16 million PI tokens on Thursday could add pressure to the intraday recovery.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.