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Cryptocurrencies Price Prediction: Bitcoin, ONDO & Crypto – European Wrap 17 June

Cryptocurrencies Price Prediction: Bitcoin, ONDO & Crypto – European Wrap 17 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin (BTC) steadies near $66,000 at the time of writing on Wednesday as investors await the Federal Reserve’s (Fed) interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds (ETFs) recorded a mild inflow on Tuesday, after weeks of outflows. Traders are closely monitoring the first Federal Open Market Committee (FOMC) meeting chaired by Kevin Warsh for clues on the future policy path, which could determine the Crypto King’s next directional move.

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Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo (ONDO) price hovers around $0.3700 at press time on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets (RWAs). The technical outlook leans mildly bearish as momentum fades and the overhead trendline continues to cap breakout attempts.

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Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

Cryptocurrency prices broadly decline as investors show caution toward risk assets ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday. Bitcoin (BTC) holds around $65,000 after correcting from its Monday high of $67,292. Altcoins, including Ethereum (ETH) and Ripple (XRP), are generally mirroring Bitcoin’s slide, trading below $1,800 and $1.20, respectively.

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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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Cardano Price Forecast: Extends losing streak to five weeks as bears gain control

Cardano Price Forecast: Extends losing streak to five weeks as bears gain control

Cardano steadies around $0.176 on Monday after declining over 9% last week and marking the fifth straight week of losses since early October. Bearish price action is further supported by large whale cohorts reducing their ADA holdings. In addition, weakening on-chain data and a deteriorating technical outlook suggest that ADA could face further losses.

Zcash Price Forecast: ZEC loses steam as ETF selling weighs on recovery

Zcash Price Forecast: ZEC loses steam as ETF selling weighs on recovery

Zcash attracts some buyers on Monday, edging higher after two straight days of losses. The privacy coin saw $13 million in total outflows from institutional investors, while its retail appeal remains mixed. The technical outlook for Zcash suggests it is losing steam as the price continues to consolidate between $1,112 and $1,340.

Top 3 Price Predictions: Bears in control, with next support at BTC $70,000, ETH around $2,000 and XRP near $1

Top 3 Price Predictions: Bears in control, with next support at BTC $70,000, ETH around $2,000 and XRP near $1

Bitcoin, Ethereum, and Ripple bears remain in control, with the top three cryptocurrencies correcting over 4%, 6% and 10%, respectively, last week and marking their fifth consecutive weeks of losses. BTC trades around $75,530 on Monday after closing below key Exponential Moving Average, leaving the $70,000 level as its next major support.

Stronger than expected NFP sends Bitcoin to $74,888 signalling a new phase of global markets stress

Stronger than expected NFP sends Bitcoin to $74,888 signalling a new phase of global markets stress

The global macro landscape entered a new phase of volatility today as the latest U.S. Nonfarm Payrolls report delivered a significantly stronger‑than‑expected reading, reshaping rate expectations and triggering a broad risk‑off move across equities, crypto, and commodities.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.