Cryptocurrencies Price Prediction: Bitcoin & Shiba Inu — American Wrap 12 April

FXStreet Team FXStreet

Shiba Inu price eyes 5% drop amid bearish network activities

Shiba Inu price (SHIB) recorded a negative performance across March, a downtrend that delivered the meme coin to the tight grip of the Exponential Moving Averages (EMAs) where it is currently trapped. These price-tracking indicators represent accumulating overhead pressure that prevents the altcoin from advancing.

Bitcoin price refutes Warren Buffet's “gambling token” critique; shames US Dollar index

Bitcoin, the world's biggest cryptocurrency, has been targeted by one of the world's biggest investors Warren Buffet for a long time now. Buffet has been criticizing digital assets ever since the crypto market emerged to be significant and continues to do so even as Bitcoin is standing the test of time.

Bitcoin price explodes past $30,500, gains strength with US CPI release

The US Bureau for Labor Statistics (BLS) released Consumer Price Index (CPI) data for March. Both CPI YoY, at 5% and CPI MoM at 0.1% came in below market expectations, supporting Bitcoin’s bullish thesis.

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 risks extending drop as June lows come into view

Ripple (XRP) ticks down below $1.20 with short-term support at $1.16 intact at the time of writing on Thursday. An early-week rally was rejected at $1.28, weighing on sentiment as traders broadly de-risked.

Crypto Today: Bitcoin, Ethereum and XRP pare losses on increasing bets of Fed tighter monetary policy

Cryptocurrency prices are broadly moderating downwards on Thursday, as market participants assess the impact of the Fed’s hawkish monetary policy stance. Bitcoin edges lower, with support at $64,000 holding.

Bittensor Price Forecast: TAO closes in key support, risking deeper losses

Bittensor price edges below $250 at press time on Thursday, marking its fourth straight day of losses. The AI token is losing retail demand as TAO futures Open Interest dips over 8% in the last 24 hours.

Bitcoin slips below $64,000 as hawkish Fed stance weighs on risk appetite

Bitcoin remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Fed left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.