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Cryptocurrencies price prediction: Bitcoin, Ethereum & Crypto - American Wrap 07 October

Cryptocurrencies price prediction: Bitcoin, Ethereum & Crypto - American Wrap 07 October
FXStreet TeamFXStreet TeamFXStreet

XRP gains amidst rising inflows to Ripple funds, traders digest SEC appeal

Ripple (XRP) price on Monday is being influenced by the token unlock on October 1, XRP fund flows and sentiment among crypto market participants. XRP gains nearly 2% on the day, the altcoin trades above key support at $0.5200. 

Fund flows

Crypto investment products record outflows of $147 million alongside Middle East war tension

Bitcoin (BTC) is trading around the $63,000 level on Monday as a CoinShares report reveals that crypto investment products recorded outflows totaling $147 million last week, breaking their three-week inflow streak. 

Crypto ETF Flows

Ethereum stays below $2,500 as developer proposes new EIP to boost throughput and DEX efficiency

Ethereum (ETH) is up slightly by 0.1% on Monday following the appearance of a Doji candle, indicating a potential reversal in price trend. The potential price change follows a new Ethereum Improvement Proposal (EIP) EIP-7781, which aims to reduce slot time and boost the network's speed by roughly 50%. 

ETH/USDT 4-hour chart

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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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Quant Price Forecast: QNT rally capped at key resistance poses bearish reversal risk

Quant Price Forecast: QNT rally capped at key resistance poses bearish reversal risk

Quant price is down over 4% on Wednesday, risking a drop below $250 as buying pressure eases after a more than 350% rally last month. Retail strength in the DeFi token remains mixed, with Open Interest down over 6% in the last 24 hours, while negative funding rates ease toward neutral levels.

Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10

Chainlink Price Forecast: Short-term correction in LINK risks a bearish reversal to $10

Chainlink is down over 3% at press time on Wednesday, facing short-term weakness as institutional and retail demand eases. LINK-focused Exchange Traded Funds witnessed three consecutive days of zero inflows, while LINK futures Open Interest is down over 5%, suggesting a mild positional wipeout.

Top 3 Price Prediction: BTC fails to hold $85,000, ETH downside risks rise, XRP momentum fades

Top 3 Price Prediction: BTC fails to hold $85,000, ETH downside risks rise, XRP momentum fades

Bitcoin remains under pressure on Wednesday, trading below $84,100 after a 2.88% correction so far this week. Ethereum and Ripple followed in BTC’s footsteps and extended their corrections, trading below $2,620 and $1.500, respectively. Momentum indicators for these top three cryptocurrencies show signs of weakening and hint at deeper correction risk.

ZEC expands institutional momentum as Winklevoss files for Zcash ETF

ZEC expands institutional momentum as Winklevoss files for Zcash ETF

Winklevoss Asset Services, co-owned by crypto exchange Gemini founders Cameron and Tyler Winklevoss, filed a Form S-1 registration statement with the US Securities and Exchange Commission (SEC) on Tuesday for the Winklevoss Zcash (ZEC) ETF. The filing proposes a fund that would hold ZEC and seek to track its price.
Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.