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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptos— American Wrap 16 April

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptos— American Wrap 16 April
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price defends $60K as whales hold onto their BTC despite market dip

Bitcoin (BTC) price still has traders and investors at the edge of their seats as it slides further away from its all-time high (ATH) of $73,777. Some call it a shakeout meant to dispel the weak hands, while others see it as a buying opportunity.
Ethereum's (ETH) price briefly dipped below $3,000 on Tuesday after tensions surrounding a potential Iran-Israel conflict suppressed the effect of Hong Kong's spot ETH approval. Regardless of the price dump, the recent ETH issuance reduction proposal has made the rounds again following research firm Glassnode's report.
ETH/USDT 1-hour chart
Bitcoin (BTC) price continues to stall with markets leaning south. The outlook was not influenced by statements from the Federal Reserve (Fed) on Tuesday, April 16 speech.
 

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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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