Cryptocurrencies Price Prediction: Bitcoin, Ripple & US – American Wrap 29 August

FXStreet Team FXStreet

Bitcoin hovers around $60,000 as BTC ETFs record second consecutive day of outflows

Bitcoin's (BTC) price recovers from Wednesday's losses and trades higher by 2.3% at $60,320 at the time of writing on Thursday. However, the recovery could be short-lived as on-chain metrics project a negative outlook, as shown by negative exchange funding rates. At the same time, US spot Bitcoin ETFs posted their second consecutive day of outflows on Wednesday.

Ripple hovers around important support level as XRP traders take over $8 million in profits

Ripple (XRP) traders have consistently taken profits on their holdings in the last two weeks, per Santiment data. Once again, traders have grabbed $8.36 million in profit so far on Thursday. Typically, profit-taking negatively influences the asset as it increases the selling pressure.

Donald Trump alerts traders that US could be crypto capital of the world

Donald Trump, the 45th President of the United States and the current Republican US presidential candidate for the November election, made a key announcement related to crypto early Thursday. Trump’s son, Eric, recently promoted the launch of their project, World Liberty Financial, on X .

Author

FXStreet Team

FXStreet

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.

Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.