Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Cardano– American Wrap 1 February

FXStreet Team FXStreet

Fed remains hawkish with 25 bps hike, how will Bitcoin price react?

Bitcoin price plunged to its weekly low of $22,862 earlier today, as traders awaited the US Federal Reserve’s rate hike decision. BTC has traded sideways in the 24-hours preceding the rate hike announcement. Bitcoin price held steady above the $23,000 immediately after the 25 bps hike.

Litecoin Price Prediction: LTC targets $120

Litecoin price appears unfazed by the resistance formed above Bitcoin’s trillion-dollar market cap. Market makers may be eyeing the surplus liquidity resting in the mid-$120 zone.

Cardano Price Forecast: ADA traders position price action at key crossroads just hours before Fed speech

Cardano (ADA) price is in rough territory as bears dig trenches to defend the last line of bearishness that is still left over from the crypto winter. With a big pivotal level and a technical moving indicator, bulls are facing a very hard patch to go through. The white knight in shining armour that could help ADA bulls take the bearish fortress could well be Fed Chair Jerome Powell if he delivers a light dovish tone with a 25-basis-point hike this Wednesday evening near 19:00 GMT.

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FXStreet Team

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BNB Price Forecast: Correction extends as bearish signals point to deeper losses

BNB, formerly known as Binance Coin, continues to extend its losses, trading below $573 at the time of writing on Friday, losing over 7% so far this week. Muted institutional demand, rising short bets and falling Open Interest signal growing downside bias.

Bitcoin network activity hits new high despite stalled prices — CryptoQuant

Bitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant. The recovery in network activity is being driven almost entirely by transaction volume rather than higher-value economic transfers.

Cardano Price Forecast: Derivatives and on-chain losses compound bearish trend

Cardano (ADA) remains under pressure, trading below $0.165 and losing over 11% so far this week. Weakening derivatives metrics and deteriorating on-chain data support further correction on ADA. Cardano derivatives metrics support a negative outlook.

Crypto Overview: Bitcoin extends decline amid US-Iran negotiation concerns – BCH, HYPE lead losses

The broader cryptocurrency market feels the weight of strained US-Iran negotiations, pushing Bitcoin (BTC) below $63,000 on Friday. Israeli missile strikes over Lebanon bend the first clause of the peace agreement, raising concerns over the renewed passage through the Strait of Hormuz.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.