Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Chainlink — Asian Wrap 22 March

FXStreet Team FXStreet

Bitcoin Price Outlook: Will Inaugural Investor Day send BTC to new all-time high?

Bitcoin (BTC) price could record volatility as investors come together on Friday in New York to discuss the future of BTC. Speculation, sentiment and optimism inspired by the event could bode well for the pioneer cryptocurrency, as explained below.

Dogecoin Price Prediction: DOGE coils up for 30% breakout

Dogecoin (DOGE) price has recorded heightened volatility this month, amid soaring correlation with Bitcoin. As the pioneer cryptocurrency navigated FOMO, capital flows due to the spot ETF market and recently the Fed meeting, DOGE price fluctuated by association.

Chainlink Price Prediction: LINK prepares for breakout, eyes $20 after successful retest

Chainlink (LINK) price dropped nearly 30% since it peaked at $22.86 on March 11. The steep pullback made it so that the altcoin was able to collect sell-side liquidity residing below the $16.86 support level.

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XRP falls toward $1.00 amid muted ETF activity

Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.

Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Taurus, a Switzerland-based digital asset infrastructure provider, announced on Wednesday that it has extended its services, targeting banks and regulated financial institutions on the Hedera (HBAR) network. Meanwhile, HBAR is paring losses, trading above $0.0650 at the time of writing. The token shows signs of stability amid a broader bearish trend.

Crypto markets trade muted, lag risk rally

Whilst hopes for a US-Iran agreement to revive the Strait of Hormuz and renewed AI-trade optimism lifted US equities to all-time highs, major cryptocurrencies remained largely sidelined on Wednesday. Bitcoin and Ether hovered near $64,000 and $1,800, respectively, extending their recent period of consolidation rather than participating in a broader risk rally they would normally follow.

Crypto Today: Bitcoin, Ethereum advance while XRP lags amid US-Iran deal optimism

Bitcoin (BTC) hovers near $64,000 at the time of writing on Wednesday, buoyed by a marginal improvement in crypto sentiment amid growing optimism that the United States (US) and Iran could potentially reach an agreement to open the Strait of Hormuz this week. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bullish outlook, trading toward $1,900.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.