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Cryptocurrencies Price Prediction: Bitcoin, Polygon & Crypto.com — Asian Wrap 04 Jan

Cryptocurrencies Price Prediction: Bitcoin, Polygon & Crypto.com — Asian Wrap 04 Jan
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price is at make or break point as whale activity hit a peak over the weekend

Bitcoin traders pushed the asset’s price higher before the end of 2021 through large wallet investor activity on Coinbase. Analysts have predicted a drop in Bitcoin price and a retest of support at $41,000. Analysts have predict a retest of $41,000, as there is thick volume support at this level. 

MATIC develops major bearish breakout pattern that could revisit $1.75

MATIC price action has recently generated significant warning signs regarding how much higher it can move over the short term. The past seven days have seen testing the upper trendline of a broader rising wedge pattern that has existed since September 2021.

Crypto.com token remains constricted, indecision may push CRO to retest $0.40

Crypto.com price action had been one of the biggest surprises of 2021. Substantially bullish technical and fundamental events propelled CRO into a major leader in the cryptocurrency space. Traders now await a clear direction for price action as Crypto.com price consolidates.

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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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XRP holds bearish bias despite spot ETF inflows

XRP holds bearish bias despite spot ETF inflows

Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

The cryptocurrency market broadly corrects on Friday, as investors assess macro uncertainty and geopolitical tensions, which continue to escalate in the Middle East. Bitcoin (BTC) is trading below $64,000, down from the weekly high of $65,745. Altcoins such as Ethereum (ETH) and Ripple (XRP) are trading under increasing selling pressure below $1,900 and $1.10, respectively.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.