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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Meme Coins — Asian Wrap 01 October

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Meme Coins — Asian Wrap 01 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin and crypto market maintain decline despite Fed Chair Powell's hints at further rate cuts

The general crypto market continued on a downtrend on Monday despite Fed Chair Jerome Powell hinting at the possibility of further interest rate cuts later in the year.

Ethereum risks decline to $2,395 amid impressive ETF inflows

Ethereum (ETH) is down 2% on Monday, struggling around the $2,595 key support level after the ETH Foundation continued its selling spree. However, the slow price movement in the past few hours isn't reflective of the rising inflows across US spot Ethereum ETFs.

Dogwifhat and BONK defy crypto market decline

Solana meme coins dogwifhat (WIF) and BONK are among the top gainers in the top 100 cryptocurrencies category on Monday following defiance of the market downturn in the past 24 hours.

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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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Ripple clings to $1.25 support as Binance reserves hit five-year low

Ripple clings to $1.25 support as Binance reserves hit five-year low

XRP bulls gather around $1.25, eyeing a short-term recovery attempt as the broader crypto market consolidates. Binance's XRP reserves fall sharply, reaching the lowest level since 2021 following the resumption of withdrawals on the exchange.

Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.

Bitcoin risks deeper losses as the 200-day EMA comes under pressure

Bitcoin risks deeper losses as the 200-day EMA comes under pressure

Bitcoin slips toward the key support zone around $76,455 on Tuesday, after falling nearly 2% the previous day. The largest cryptocurrency by market capitalization nears a make-or-break level, with a daily close below $76,455 suggesting a deeper breakdown.

Top Altcoins Price Forecast: Ripple, Cardano, and Solana brace for further downside move

Top Altcoins Price Forecast: Ripple, Cardano, and Solana brace for further downside move

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), remain weak ahead of the US midterm elections on Tuesday, as last week's $6.3 billion Binance hack has dampened social sentiment.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.