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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & LUNA – American Wrap 7 February

Bitcoin price unmoved despite Thailand making BTC, crypto trading VAT-free

Bitcoin (BTC) price has not shown any directional bias since the close of January and continues meandering around a certain Simple Moving Average (SMA). As investors impatiently look for possible entries, reports indicate that Thailand, like Dubai, is making moves to draw in BTC traders.

Ethereum’s second most important upgrade after the Merge is the Dencun upgrade. This packs in EIP-4844, an Ethereum Improvement Proposal, to reduce transaction costs for Layer 2 chains. 

ETH price is $2,371 on Wednesday, with the altcoin rallying nearly 2% in the past week. 

Ethereum

LUNA teases arrival of Cosmos-based protocol Alliance’s assets on Terra

Terra dropped details of an open-source Cosmos-chain-based module Alliance in its recent tweet on X (formerly Twitter). Alliance powers mutually beneficial relationships between blockchains and traders can stake Alliance assets to earn rewards using their Terra station wallets. 
Terra
 

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BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin (BTC) treasury and financial intelligence firm Strategy expanded its holdings following another round of weekly accumulation.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.