Cryptocurrencies Price Prediction: Bitcoin, Solana & Avalanche – American Wrap 03 October

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Bitcoin Lightning Network capacity falling to a 14-month low should not worry BTC investors

Before Bitcoin Ordinals and BRC-20, the world’s first cryptocurrency network ran the most prominent Layer-2 solution – Lightning Network (LN). Over the past, the network was widely utilized for conducting faster transactions, but LN seems to be losing the amount of BTC on it at the moment.

Solana price action leaves behind top altcoins as it outshines on key metrics

Solana (SOL), the eighth-largest crypto by market capitalization, continues to outshine other altcoins due to Total Value Locked (TVL) growth and consistent inflows. The altcoin is trading at a price of $24.26 at press time. After gaining close to 26% in the past week, the rise in dollars locked on the blockchain is keeping the holders bullish.

Avalanche Network introduces Firewood upgrade amid declining on-chain activity, AVAX holders uncertain

Avalanche Network will soon get an upgrade known as "Firewood," which is an efficient system for storage of Merkalized blockchain state. Ava Labs announced that Firewood is currently in the development stage and is not ready to be deployed yet.

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FXStreet Team

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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.