Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Binance Coin — Asian Wrap 26 January

FXStreet Team FXStreet

Bitcoin wallets show signs of capitulation as BTC price trades in tight range close to $40,000

Bitcoin price is range bound close to the psychologically important $40,000 level, nearly two weeks post Spot ETF approval by the Securities and Exchange Commission. Retail traders holding less than 1 BTC have shed their holdings, evident by the decline in Bitcoin wallets since October 2023.

Ethereum price eyes 5% swing south as SEC delays Grayscale spot ETH ETF

Ethereum (ETH) price has been rolling down a cliff since January 12 when news of Grayscale Bitcoin Trust (GBTC) redemptions broke. The slump has seen Ether fall out from below the confines of a bullish technical formation, but that could end soon as the spot ETH exchange-traded funds (ETFs) theme gathers momentum.

Binance Coin price approaches critical mass, 18% move ahead for BNB

Binance Coin (BNB) price correction is close to forming a local bottom, which could trigger a quick and volatile recovery rally.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.