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