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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptos— American Wrap 3 April

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptos— American Wrap 3 April
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price tests 200-EMA for second day, increasing odds for further move south

Bitcoin (BTC) price is devoid of upward momentum, tethered to and testing a critical support as BTC bulls fail to show up on Wednesday. It comes amid anticipation for the halving event, estimated to be just over a week out.
Ethereum's price has been consolidating on Wednesday following its recent crash. The recent price movement follows Coinbase analysts raising concerns about "hidden risks" in restaking protocols and criticism labeled at the Ethereum Foundation after an article recommending adjustments to the ETH issuance curve.
ETH/USDT 1-hour chart
Crypto exchange Kucoin's latest reserve certificates, dated March 31, show a significant decline in its reserves of Bitcoin (BTC), Ethereum (ETH), and Tether USD (USDT). This decline is accompanied by increased outflow, which has seen Kucoin's market share drop more than 50% after charges from the US Department of Justice (DoJ) and the Commodity and Futures Trading Commission (CFTC).
 
 

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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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