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Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Chainlink – European Wrap 28 January

Bitcoin network breakdown seems imminent – reckons head of Bank for International Settlements

The head of the Bank of International Settlements (BIS), Agustin Carstens, has warned that Bitcoin is getting closer to the risk of total breakdown. He advised central banks around the world to take the responsibility of issuing digital currencies. Read more...

BTC/USD 4-hour chart

Ethereum poised for the move to $1,500

Ethereum plunged to the support at $1,200 but has since recovered toward $1,300. As covered earlier, on-chain metrics have remained extremely bullish despite the correction from the record high. Read more...

ETH/USD 4-hour chart

LINK targets new record highs at $30 as investors remain optimistic

Chainlink has been among the best performers in January, leading recovery for both altcoins and decentralized finance (DeFi) related tokens. Besides stepping above $20 (former all-time high), LINK went ballistic to hit a new record high at $25. For now, the least resistance path is upwards after Chainlink bounced off support at $20. Read more...

LINK/USD 4-hour chart

 

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Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

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Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

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Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.