Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Decentraland – European Wrap 31 January [Video]

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos to enter second leg of relief rally

Bitcoin price seems to have encountered a massive support level that has stopped the downtrend in its track and resulted in a quick bounce. This trend seems to be witnessed across Ethereum and many altcoins but in different magnitudes. Ripple seems to be defying the ongoing trend and is showing an affinity to head lower.

Polkadot price screams buy as DOT readies for 46% breakout

Polkadot price has been teetering off a crucial support level since January 22. This consolidation seems to be vital to triggering a new leg-up for DOT. Therefore, investors need to position themselves to capitalize on this potential upswing.

Experts believe Decentraland price could meet resistance with end of Australian Open

Decentraland is celebrating the Australian Open's close in its metaverse. Analysts believe that Decentraland price could meet resistance at $2.60 as the metaverse token eyes a $2.70 target.

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Crypto Today: Bitcoin, Ethereum, XRP extend decline, pressured by increasing ETF outflows

Cryptocurrencies are trading under pressure on Thursday, weighed down by risk-off sentiment driven by Middle East tensions and macroeconomic uncertainty. Bitcoin has extended its decline below $65,000 and is targeting the key support area at $60,000.

Bitcoin’s massive storm is back: Why the sell-off is far from over

Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts. And everything suggests that the dramatic crash isn’t over.

Hyperliquid and Near Protocol fall sharply as Arthur Hayes dumps HYPE and NEAR for Worldcoin

Hyperliquid (HYPE) and Near Protocol (NEAR) prices have dropped 11% and 17%, respectively, at press time on Thursday, erasing gains as the well-known investor Arthur Hayes dumps HYPE and NEAR holdings.

Pi Network hits record low as market-wide risk-off sentiment weighs

PI price hovers around $0.1300 at press time on Thursday, reflecting a mild rebound from the $0.1186 record low reached earlier on the day. Deposits totaling roughly 1 million PI tokens on exchanges over the last 24 hours suggest waning investor confidence amid a broader market risk-off sentiment.

Billions in ETF outflows don’t bode well

Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.

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