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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Shiba Inu – European Wrap 6 January

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Shiba Inu – European Wrap 6 January
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: A crypto beginner’s guide to Nonfarm Payrolls and its effects on BTC

Bitcoin (BTC) price and the general crypto markets have been highly correlated with the stock markets since the COVID-19 crash in March 2020. Since then, macroeconomic news have been affecting Bitcoin, Ethereum and other altcoins, and the Nonfarm Payrolls (NFP) monthly release is one such significant event, with the December version to be published on January 6 at 13:30 GMT. 

Ethereum Price Prediction: Trading Nonfarm Payrolls, will ETH bulls triumph?

Ethereum (ETH) price is traversing a bearish pattern and is close to invalidating it. However, due to the current market conditions combined with the release of Nonfarm Payrolls (NFP) on Friday at 13.30 GMT, there is a possibility that ETH could correct and retest a stable support level before establishing its direction. 

ETH/USDT 1-day chart

Shiba Inu developers share Shibarium update, the layer-2 solution will scale a $4.9 billion market

Shiba Inu ecosystem’s developers have warned the community against other projects that lay claim to the layer-2 scaling solution Shibarium. Developers assured the SHIB army that the scaling protocol will use Bone (BONE) from the Shiba Inu ecosystem and will scale the dog-themed cryptocurrency, no other projects included. 

Shiba Inc whale transaction count

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