Cryptocurrencies Price Prediction: Bitcoin, Shiba Inu & Ethereum – European Wrap 18 April

FXStreet Team FXStreet

Bitcoin Price Forecast: Can BTC bears manifest a 30% crash?

Bitcoin price shows a loss of bullish momentum, and it could be due to investors booking profits. Since BTC has produced a lower low, this move could trigger a notorious slide, catching late bulls off-guard.

Bitcoin price has set up a bearish breaker on the four-hour chart. As explained previously, this setup contains two higher highs, which paints the illusion of an uptrend, inviting more bulls to join. However, as the price slides and produces a lower low, these early investors are now trapped and looking for an exit.

Here is where Shiba Inu price could be headed after whale moves 3.48 trillion SHIB in one massive transaction

An unknown Shiba Inu (SHIB) whale has suddenly awakened to relocate trillions of tokens as the dog-themed memecoin starts to show signs of newfound life. According to blockchain-monitoring service Whale Alert, which was also the first to spot the transaction, the mysterious account moved 3,484,812,794,902 SHIB in a single transaction.

Notably, the transferred SHIB was worth around $40 million and was moved from one unknown wallet to another equally unknown wallet. To facilitate the transaction, the deep-pocketed investor paid less than $3. This was remarkable for blockchain, considering the volume of the transaction itself.

Ethereum Shanghai upgrade-hype dissipating causes DeFi investors to resort to this behavior

The Ethereum Shapella hardfork fever is coming down, and the price is once going back to depending on supply and demand. The vanishing effects from the hype is also impacting users’ behaviors who are seen dispersing out of DeFi protocols. Is this a bad sign, or does the situation differ from reality?

Owing to the Shanghai hardfork, the Decentralized Finance (DeFi) protocols were expected to draw in users and investors in high volume. But these users were expected to stick around even after the hype died down, which is not the case at the moment.

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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.

XRP approaches key support as risk-off sentiment deepens

Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.

Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment

The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.

The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes

Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).

The crypto market is moving in the opposite direction to equities

The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?

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.