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Cryptocurrencies Price Prediction: Bitcoin, Polygon and Binance Coin – European Wrap 17 February

Cryptocurrencies Price Prediction: Bitcoin, Polygon and Binance Coin – European Wrap 17 February
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: If BTC bear market ends, $43,000 is the next target for bulls

Bitcoin price shows a clean bounce off a stable support level that paused its retracement and restarted its 2023 bull rally. While the recovery was impressive, it faced massive selling pressure as it approached the 200-day Simple Moving Average (SMA). Regardless, the big crypto’s position looks strong and optimistic as it consolidates.

BTC/USDT 1-week chart

Is Bitcoin price out of the woods? Derivatives traders bet on massive rally in BTC

MATIC price continued its short-term uptrend, yielding nearly 5% gains for holders since February 16. The native token of the Ethereum scaling solution Polygon is prepared for more upside despite concerns of high transaction fees and the challenges associated with the Ethereum Virtual Machine (EVM). 

Global In/Out of Money in MATIC

Binance CEO says $2.37 billion moved from BUSD to Tether after Paxos-issued stablecoin suffers de-peg

Binance USD, the dollar-pegged stablecoin that was previously issued by Paxos has suffered a de-peg. BUSD’s market capitalization declined as traders pulled capital from the token and moved it to Tether USDT. 

BUSD price chart

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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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Dogecoin Price Forecast: Bullish divergence, whale accumulation support recovery hopes

Dogecoin Price Forecast: Bullish divergence, whale accumulation support recovery hopes

Dogecoin shows early signs of a potential recovery, trading near $0.070 at the time of writing as bullish momentum divergence suggests selling pressure may be fading. In addition, whale accumulation and improving derivatives metrics suggest a bullish outlook, hinting at a potential recovery ahead.

Top Altcoins Price Forecast: Ripple hits 20-month low as Cardano and Solana lack momentum

Top Altcoins Price Forecast: Ripple hits 20-month low as Cardano and Solana lack momentum

Top altcoins, including Ripple, Cardano, and Solana, are maintaining a bearish tone as the broader market remains risk-averse. XRP is down to a 20-month low, risking a drop below the $1.00 psychological threshold, while ADA and SOL risk losing their recent gains amid a lack of upside momentum.

Ripple and Stellar outlook: Remain under pressure as bearish bias extends

Ripple and Stellar outlook: Remain under pressure as bearish bias extends

Ripple and Stellar remain under pressure after falling slightly the previous day. XRP gravitates toward the key $1.00 psychological level while XLM slips below the critical support zone. Weakening derivatives metrics for both altcoins cap recovery outlook. Derivatives data shows a bearish bias among traders.

Crypto Market Overview: Bitcoin softens on institutional selling – CRV, ICP outperform

Crypto Market Overview: Bitcoin softens on institutional selling – CRV, ICP outperform

The broader cryptocurrency market shows mixed sentiment as Bitcoin (BTC) drops to $64,000 under institutional selling pressure. The Fear and Greed Index at 37, down from 40 the previous day, signals renewed bearish pressure. Meanwhile, Curve DAO (CRV) and Internet Computer (ICP) continue to extend their gains so far this week, emerging as top performers over the last 24 hours.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.