Cryptocurrencies Price Prediction: Bitcoin, Solana & Crypto – European Wrap 1 April

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC recovers as dominance increases, signaling a shift amid market stress

Bitcoin (BTC) price recovers slightly, trading above $84,000 at the time of writing on Tuesday after stabilizing on Monday following a 4.29% decline the previous week. Crypto Finance reports that Bitcoin’s dominance rose to 61.4%, reflecting a shift toward BTC as a resilient asset amid market stress and supporting its recovery. However, traders should remain cautious as economic uncertainties, United States (US) President Donald Trump’s tariffs and stagflation risks may pressure Bitcoin downward due to its correlation with Equity markets amid risk-off sentiment.

Solana Policy Institute launch to shape policies for decentralized networks

Solana Policy Institute (SPI), launched on Monday, aims to educate policymakers on decentralized networks like Solana (SOL). SPI plans to unite Solana's ecosystem voices to demonstrate the technology's economic and social benefits amid debates over its decentralization and reliability. Miller Whitehouse-Levine, a key crypto advocate, leads the Solana Policy Institute.

Crypto’s attempt to stabilise

The cryptocurrency market struggled to find its footing on Monday, showing signs of a bullish effort to avoid slipping into a deeper downturn. A late-day rebound in the stock market provided some support, helping push the total market cap up by 1.1% over 24 hours, though it remains down 5% over the past week. From a technical perspective, this is a bounce within a broader downtrend, as trading remains below the 200-day moving average.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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