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Cryptocurrencies Price Prediction: Bitcoin, Polygon & Dogecoin — Asian Wrap 19 August

Cryptocurrencies Price Prediction: Bitcoin, Polygon & Dogecoin — Asian Wrap 19 August
FXStreet TeamFXStreet TeamFXStreet

What Bitcoin did this week and what to expect from BTC

Bitcoin (BTC) hovers around key psychological support at $60,000 on August 18, at the time of writing. Data from IntoTheBlock shows that Bitcoin Exchange Traded Funds (ETFs) recorded nearly $13 million in net flows during the week. 

Polygon confirms September 4 migration of MATIC to POL, here’s what to expect

Polygon, the largest Ethereum scaling solution announced that MATIC token will migrate to POL on September 4. The new token will replace MATIC as a native gas and staking token for the Polygon Proof-of-Stake (PoS) network. 

Dogecoin whales surge by 50% in 30 days, here’s what this means for DOGE

Dogecoin (DOGE), the largest meme coin in the crypto ecosystem noted a surge in whale wallet holdings. Data from on-chain intelligence tracker IntoTheBlock show a 50% increase in the count of wallet addresses holding over 10 billion DOGE. 

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Ripple ticks higher as selling pressure eases amid whale net outflows

Ripple ticks higher as selling pressure eases amid whale net outflows

Ripple edges higher near $1.30 on Wednesday, building on a broader crypto market recovery wave. The uptick comes amid the US midterm elections, in which the Democratic Party has clinched victory in the Senate and is on track to gain control of Congress.

Crypto Today: Bitcoin, Ethereum, XRP extend advance as US Dollar slides on Democrats' US midterm victory

Crypto Today: Bitcoin, Ethereum, XRP extend advance as US Dollar slides on Democrats' US midterm victory

Bitcoin trades above $78,000 on Wednesday as risk-on sentiment improves in the broader cryptocurrency market. Ethereum mirrors BTC’s recovery outlook, hovering above $2,300. Ripple similarly exchanges hands above $1.28, marking two consecutive days of gains.

Pi Network Price Forecast: Bullish breakout hopes fade as PI approaches record lows

Pi Network Price Forecast: Bullish breakout hopes fade as PI approaches record lows

Pi Network (PI) is trading in the red on Wednesday, hovering around $0.0755, with a downside risk toward the $0.0704 record low. The retail activity in the derivatives market declines as PI futures Open Interest plunges to nearly $7.50 million.

US midterm elections set up a potential volatility shock for BTC

US midterm elections set up a potential volatility shock for BTC

Bitcoin holds above the key 200-day EMA but remains capped by the 100-day EMA, with a breakout in either direction likely to determine its next directional bias. Analysts remain bullish on BTC but expect a significant price swing in either direction, favoring volatility-based strategies over directional bets.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.