Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Polygon — Asian Wrap 03 April

FXStreet Team FXStreet

Will Bitcoin hit its $35,000 target in April: BTC deep dive

Bitcoin has emerged as one of the assets with the highest yield for holders in 2023. With BTC dominance on the rise, analysts are bullish on the digital asset’s comeback to the $35,000 level.

Dogecoin whales are buying the dip: Will DOGE lead a meme coin price rally?

Dogecoin, one of the largest meme coins in the crypto ecosystem recently decoupled from other cryptocurrencies. DOGE price yielded 9% gains for holders since April 1.

Will MATIC price conquer the bullish target of $2 again?

MATIC, the native token of the Ethereum scaling solution Polygon conquered a key support level, resuming its uptrend. The token decoupled from Bitcoin over the past week, the correlation dropped to levels previously seen in February 2023.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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