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

FXStreet Team FXStreet

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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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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