Cryptocurrencies Price Prediction: Bitcoin, MATIC & MOON – American Wrap 14 November

FXStreet Team FXStreet

US CPI annual inflation comes in at 3.2%, below expectations; Bitcoin price cements $36,500 as support

The United States Consumer Price Index (CPI) data, which is a measure of retail inflation, came in slightly below the market’s expectations. The impact of a lower headline CPI inflation will not only be visible on the stock markets but also on the value of cryptocurrencies such as Bitcoin.

MATIC price gains might be sustainable as token leaves exchanges in large volumes

MATIC, a Layer 2 scaling token, is rallying after yielding 26.46% gains for holders over the past week. Polygon’s native token’s gains are likely sustainable as the altcoin has been leaving exchanges in large volumes since October 4.

Reddit token MOON rockets 150% amid hopes of revival

Prices of MOON token, which is tied to the shuttered Community Points program of Reddit, more than doubled over the past 24 hours, as some moderators banded to revive the project and continue it independently.

Author

FXStreet Team

FXStreet

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.

Bitcoin derivatives reset as leverage cools amid subdued spot demand

Bitcoin's recent correction has reduced leverage across derivatives markets, creating a healthier structure amid weak spot trading activity, according to a report from CryptoQuant on Monday. The report stated that Bitcoin's decline over the past few weeks appears to reflect a broad futures market reset rather than the buildup of new speculative positions.

Ripple and Stellar outlook: Under selling pressure as cautious sentiment raises downside risks

Ripple and Stellar remain under selling pressure as cautious market sentiment continues to weigh on the broader crypto market. XRP struggles to reclaim the upper boundary of its falling channel, while XLM extends its decline for a fifth consecutive day.

Crypto Overview: Bitcoin holds steady as ETF outflows decline – DEXE and TIA extend gains

Bitcoin hovers above $64,000 holding steady after a roughly 4% drop last week. Data shows that institutional outflows are easing, suggesting broader market recovery potential, while DeXe and Celestia have emerged as frontrunners over the last 24 hours.

Ethereum Price Forecast: Ethlabs launches as new ecosystem steward funded by BitMine, SharpLink

Ethereum treasuries BitMine Immersion and SharpLink, alongside co-founder Joe Lubin, have partnered to fund Ethlabs, a new research and development lab for the smart contract blockchain.

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.