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Cryptocurrencies Price Prediction: Bitcoin, Pi Network & Ethereum – Asian Wrap 16 September

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP retreat as Fed rate decision looms

Bitcoin price trades at $75,930 on Wednesday after correcting over 3% the previous day. Despite the pullback, BTC holds a constructive bullish bias as price remains comfortably above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), clustered between roughly $71,400 and $73,600. This stacked EMA configuration hints at an underlying uptrend despite the recent pullback in momentum, with the Relative Strength Index (RSI) easing to around 49. At the same time, the Moving Average Convergence Divergence (MACD) stays negative and below the zero line, suggesting bullish structure remains intact but short-term upside is losing traction.

Crypto Overview: Bitcoin falls to $75,000 as CLARITY Act fails to advance – Pi Network, Injective lead losses

Pi Network is down 5% on Wednesday, extending a 7% decline from the previous day. The PI token maintains a clear bearish bias as price remains below the 50-day and 100-day EMAs at roughly $0.0941 and $0.1046, and beneath the broader 200-day EMA near $0.1377. The pair has slipped just above the 50% Fibonacci retracement at $0.0971, measured from $0.1341 to $0.0704, reaffirming the bearish bias.

Ethereum Price Forecast: ETH continues to attract capital despite impending rate hike and Clarity Act failure

Ethereum (ETH) declined to $2,400 on Tuesday after the Clarity Act failed to progress in the Senate. Despite that and the market's near certainty of an interest rate hike at the next Federal Reserve (Fed) meeting, the top altcoin has continued to attract fresh capital. Ethereum buyers have been dominating sellers over the past few days. Exchange Netflow data shows withdrawals from exchanges have outpaced deposits over the past five days, pushing exchange reserves down by 159K ETH during the period.

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Top 3 Price Prediction: BTC, ETH and XRP retreat as Fed rate decision looms

Bitcoin, Ethereum and Ripple remain under pressure and consolidate at the time of writing on Wednesday after falling more than 3%, 4% and 9%, respectively, as the Clarity Act failed to advance in the Senate on Tuesday.

Crypto Overview: Bitcoin falls to $75,000 as CLARITY Act fails to advance – Pi Network, Injective lead losses
Bitcoin (BTC) price trades around $75,000 on Wednesday, following a 3% decline the previous day as the US Senate failed to advance the CLARITY Act to a cloture vote. The broader cryptocurrency market's risk-on sentiment eases, with over $600 million in liquidations in 24 hours, driven primarily by long-position unwinding.
CLARITY fails to pass Senate, what happens next?
The US Senate on Tuesday blocked further consideration of the Digital Asset Market Clarity Act, with a procedural vote falling short of the 60 required YEA. The motion to advance the bill failed 49-50, with all 49 supporting votes coming from Republicans. The setback leaves the market-structure bill stalled as Congress moves closer to its midterm election recess.
Ethereum Price Forecast: ETH continues to attract capital despite impending rate hike and Clarity Act failure
Ethereum (ETH) declined to $2,400 on Tuesday after the Clarity Act failed to progress in the Senate. Despite that and the market's near certainty of an interest rate hike at the next Federal Reserve (Fed) meeting, the top altcoin has continued to attract fresh capital. Ethereum buyers have been dominating sellers over the past few days.
Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.