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Cryptocurrencies Price Prediction: Bitcoin, Ethereum Classic & Bonk Inu — Asian Wrap 10 January

Cryptocurrencies Price Prediction: Bitcoin, Ethereum Classic & Bonk Inu — Asian Wrap 10 January
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Fake SEC Bitcoin ETF Approval Tweet Breakdown: BTC whiplash causes $56 million liquidation in an hour

The spot Bitcoin ETF approval is a highly influential subject in the crypto market at the moment, and just what the market feared occurred when the Securities and Exchange Commission’s (SEC) account was hacked earlier today. Here is a breakdown of what happened, when it happened, and how the market reacted to it.

Ethereum Classic Price Forecast: Chances of 21% correction wane on bullish market momentum

Ethereum Classic price was seemingly adhering to the micro bearish reversal pattern, which failed despite the recent correction in the crypto market. The short-term outlook ahead of the spot Bitcoin ETF approval is now looking bullish as ETC is bouncing back from the crucial support of $19.33.

Solana meme coin Bonk Inu price defies ETF FUD and rallies 22%

Bonk Inu (BONK) price has inflated by 22% and hints that a further upswing is possible if key conditions are met. Interestingly, this rally comes amid fake ETF approval news from the compromised US Securities and Exchange Commission’s (SEC) social media account, X (formerly Twitter). Sidelined buyers might get the opportunity to buy the Solana-based meme coin BONK as a potential pullback could be underway.

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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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XRP slides amid a fragile crypto market structure

XRP slides amid a fragile crypto market structure

Ripple (XRP) falls for the second straight day, trading at $1.37 on Thursday. The broader cryptocurrency market remains fragile as investors weigh the impact of geopolitical tensions in the Middle East, which triggered persistent increases in Crude Oil prices while restricting shipping through the Straight of Hormuz and the Red Sea.
Bitcoin Price Forecast: BTC pressured amid ETF outflows, fresh US-Iran risks

Bitcoin Price Forecast: BTC pressured amid ETF outflows, fresh US-Iran risks

Bitcoin (BTC) remains under pressure, trading below $78,200 at the time of writing on Thursday after declining nearly 3% so far this week. Weakening institutional demand, along with escalating geopolitical tensions between the US and Iran near the Strait of Hormuz, continues to dampen risk appetite and weigh on the Crypto King. Institutional demand for Bitcoin shows early signs of caution.
Top Altcoins Price Forecast: Ripple, Solana, and Cardano risk deeper losses

Top Altcoins Price Forecast: Ripple, Solana, and Cardano risk deeper losses

Ripple (XRP), Solana (SOL), and Cardano (ADA) struggle to extend last month's advance, pointing to moderating buying pressure. The technical outlook for XRP, SOL, and ADA suggests a mild near-term bearish bias as momentum weakens. Ripple trades around $1.3800 at press time on Thursday, extending losses after a bearish close the previous day.
Crypto Today: Bitcoin, Ethereum and XRP lose bullish momentum as structural support holds

Crypto Today: Bitcoin, Ethereum and XRP lose bullish momentum as structural support holds

Cryptocurrency prices are moderating on Thursday, with Bitcoin (BTC) dropping to test the near-term $78,000 support. Altcoins, including Ethereum (ETH) and Ripple (XRP), are echoing Bitcoin’s cautious sentiment, with ETH retracing to approximately $2,470 and XRP to $1.38.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.