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Cryptocurrencies Price Prediction: Bitcoin, Meme Coin & Cryptos – American Wrap 12 March

Cryptocurrencies Price Prediction: Bitcoin, Meme Coin & Cryptos – American Wrap 12 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price extends rally to $73K amid “euphoric” market sentiment

Bitcoin (BTC) price is on a meteoric rise, recording milestones without any signs of stopping. In a recent report by Glassnode, analysts say the pioneer cryptocurrency has pushed sentiment closer to euphoria.v

Large wallet investors, known as whales, are transferring their meme coin holdings to centralized exchange wallets. Specifically, three meme coins, Shiba Inu (SHIB), PEPE, and Dogecoin (DOGE), have seen a spike in exchange transfers. 

Typically, an increase in an asset’s supply on exchanges, accompanied by a price decline, is a bearish sign for the cryptocurrency. 

Shiba Inu

Biden resurrects 30% crypto mining tax in new budget proposal

United States President Joe Biden has revived the idea of a 30% tax on electricity used by crypto miners in his budget proposal for 2025. 
 
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FXStreet Team

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.

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XRP bulls retain control as whale demand breaks out

XRP bulls retain control as whale demand breaks out

Ripple (XRP) ticks higher on Wednesday and trades near $1.60, aligning with the broader crypto market’s bullish outlook. The token builds on a strong technical outlook, reinforced by uptrending moving averages and key momentum indicators.

NEAR partners with Ondo to bring tokenized US stocks, ETFs with confidential execution

NEAR partners with Ondo to bring tokenized US stocks, ETFs with confidential execution

Near Protocol announced a partnership with Ondo to bring tokenized US stocks and ETFs into one confidential account. The launch reflects NEAR Protocol’s focus on privacy as US regulators are making room for on-chain trading and purpose-built crypto market infrastructure.

Crypto Today: Bitcoin and Ethereum consolidate gains as XRP extends breakout

Crypto Today: Bitcoin and Ethereum consolidate gains as XRP extends breakout

Bitcoin is moderating on Wednesday, trading near $86,000 as the crypto market broadly consolidates. Ethereum mirrors BTC’s stable outlook, holding above $2,700. Ripple (XRP), meanwhile, edges higher for the sixth consecutive day.

Hyperliquid pulls back from record high as rally eyes $100

Hyperliquid pulls back from record high as rally eyes $100

Hyperliquid edges below $97 on Wednesday after hitting a record high of $98.03, following a 3% rise the previous day. DeFiLlama data shows Hyperliquid as the leading DeFi protocol by revenue, excluding stablecoins.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.