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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Solana — Asian Wrap 30 January

Bitcoin update: US Fed leaves rates unchanged, CME to attract investors with options on BTC Friday futures

Bitcoin (BTC) is up 3% on Wednesday following the Federal Reserve's (Fed) decision to leave interest rates unchanged at 4.25% - 4.50%, in line with expectations. Additionally, the Chicago Mercantile Exchange Group (CME) announced that it plans to launch options on its Bitcoin Friday futures on February 24.

Ethereum Price Forecast: ETH could rally 35% as investors anticipate a historically positive February

Ethereum (ETH) is trading around $3,100 on Wednesday, with indications that investors might be positioning for a potential rally in February. From a technical perspective, ETH could rise by 35% if it achieves a high-volume move above the resistance level of a falling wedge pattern.

Solana Price Forecast: Bulls raise $200M leverage after three-day losing streak

Solana price rebounded by a mild 3% on Wednesday, halting a 3-day losing streak, as markets reacted positively to the latest US Fed rate pause decision. Derivatives markets trends show aggressive leverage activity among bulls traders, signaling growing conviction on further SOL upside. 

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XRP edges lower despite record on-chain activity and steady ETF inflows

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence. 

Cardano builds recovery momentum as sentiment improves

Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.