Cryptocurrencies Price Prediction: Bitcoin, PancakeSwap & Cryptos – American Wrap 03 May

FXStreet Team FXStreet

Bitcoin price reclaims $61K as whales snap up 47,000 BTC in one day

Bitcoin (BTC) price is closing the week in the green after a significant climb on Friday, a turnout that is unsurprising to most considering the meme coin sector had hinted as much on Thursday. However, multiple other reports have provided tailwinds for the pioneer cryptocurrency.

PancakeSwap proposal to boost liquidity by redirecting CAKE passes with 99% votes

DeFi protocol PancakeSwap (CAKE) announced on Friday that it gained approval from the community on a proposal to reallocate CAKE emissions. The proposal intends to redirect emissions to strategic pools as bribes in order to improve liquidity and efficiency for users.

There is no proposed increase in overall emissions under the proposal, which passed with 99% of the votes casted.

Crypto traders brace for short-term volatility with $2.4 billion options expiry on Friday

Bitcoin and Ethereum options market looks bullish on Friday, according to data from intelligence tracker Greeks.live. The firm said it has identified two Bitcoin calls that show an underlying bullish sentiment among market participants.

Bitcoin made a comeback above $60,000 on Friday, up nearly 7% from Wednesday’s low of $56,552, after the publication of a lower-than-expected increase in US Nonfarm Payrolls.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally on Venezuela’s shadow BTC reserve

Meme coins such as Dogecoin, Shiba Inu, and Pepe are leading the cryptocurrency market rally driven by the US cross-border operation to capture Venezuelan President Nicolás Maduro. Dogecoin extends its gain for the fifth consecutive day while SHIB and PEPE take a pause.

Cardano Price Forecast: ADA breaks above falling wedge, upside constrained by geopolitical risks

Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest rising and long bets increasing among market participants.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls firmly in control as BTC breaks $93K, ETH and XRP extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.

Top Crypto Gainers: Brett, Bonk, Dogwifhat – Meme coins rally amid US-Venezuela tensions

Meme coins, including Brett (BRETT), Bonk (BONK), and Dogwifhat (WIF), lead the crypto market rally with double-digit gains over the last 24 hours following the US capture of Venezuelan President Nicolás Maduro on Saturday. Technically, meme coins could extend gains as bulls maintain firm control.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks