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

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

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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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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Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.