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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & PancakeSwap — American Wrap 8 April

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & PancakeSwap — American Wrap 8 April
FXStreet TeamFXStreet TeamFXStreet

Ethereum's price recovery looks imminent as ETF approval sees a glimmer hope

Ethereum (ETH) began showing signs of recovery on Monday, briefly trading at $3,460, after consolidating for the past week. This recovery may likely be due to recent whale activity surrounding the largest altcoin and JP Morgan's positive outlook for an ETH ETF approval.
ETH/USDT 1-hour chart

Bitcoin surged almost 5% on Monday and rose to the highest since March 14, after fresh bulls cleared psychological $70000 level and Fibo barrier at $70735 (76.4% retracement of $73839/$60688 correction).

New record high ($73839) came to focus again after Monday’s rally peaked at $72750, adding to growing signals of an end of corrective phase.

PancakeSwap price surges as DEX burns $35 million CAKE tokens

PancakeSwap (CAKE) announced a burn of 8,703,247 CAKE on Monday, pulling $35 million worth of DeFi tokens from circulation. The DEX’s move catalyzed gains in the asset. A key announcement by PancakeSwap regarding a collaboration with Stryke is likely another catalyst driving gains in the DEX’s native token CAKE. 
 
 

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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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