Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Chainlink — Asian Wrap 18 August

FXStreet Team FXStreet

Bitcoin price dips to the $25,100 range with $820 million long positions liquidated across the market

Bitcoin (BTC) price dipped below critical levels to test its range low during the afternoon hours of the US session. The slump was accompanied by heavy liquidations across the board, allowing retail traders to step in while longs closed their positions to avoid further losses.

The “Silver to Bitcoin’s Gold” marks 2023 low as Litecoin price slides by 12% owing to BTC crash

Litecoin price is witnessing an unfavorable month treading lower with every passing day. The altcoin is famous for being secondary to Bitcoin, but it seems like that label is doing more damage to the cryptocurrency than good.

Chainlink price crashes by almost 20% as investors switch to selling LINK

Chainlink price is bearing the brunt of the broader market bearish woes as the altcoin slipped to a monthly low this week. The investors have not been of much help either since they are looking to offset their losses. However, the helm of recovery sits in their hands.

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FXStreet Team

FXStreet

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Top 3 Price Prediction: BTC recovers, Ethereum clings to support, XRP consolidates

Bitcoin, Ethereum and Ripple begin the week on a steadier footing after correcting by nearly 4%, 2%, and 6% respectively, in the previous week. BTC is attempting a modest recovery, trading above $64,500 on Monday, while ETH continues to defend the crucial $1,700 support level.

Aave founder outlines plan to bring multi-trillion-dollar securities market onchain with V4

Lending protocol Aave founder Stani Kulechov revealed a proposal to bring the multi-trillion-dollar securities market onto blockchain infrastructure, according to a blog post on Friday.

Ethereum Price Forecast: Impending funding crisis could put Ethereum at risk

Ethereum developers could face a "slow-burning funding crisis" in the coming months following the depletion of the Ethereum Foundation treasury and the expiration of the Client Incentive Program, according to former EF contributor Trent VanEpps.

Bitcoin's weakening sell pressure hints at possible market bottom — CryptoQuant

Bitcoin (BTC) may be approaching the final stages of its current correction as selling pressure eases, according to a CryptoQuant report on Thursday. The report noted that the current phase of realized losses differs significantly from the first major sell-off earlier this year. The data suggests that many panic sellers may have already exited the market.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.