Cryptocurrencies Price Prediction: Bitcoin, Worldcoin & Stellar – European Wrap 26 September
Bitcoin Weekly Forecast: BTC falls sharply as massive liquidations rock the market
Bitcoin (BTC) price hovers around $109,000 at the time of writing on Friday after shedding nearly 5% so far this week. The broader cryptocurrency market experienced its largest single-day liquidation event of the year, wiping out mostly long positions. The broader outlook remains fragile as the Federal Reserve’s (Fed) cautious stance on rate cuts and escalating geopolitical conflicts dampen risk appetite.
Worldcoin integrates Chainlink CCIP as WLD eyes rebound, LINK faces supply pressure
Worldcoin (WLD) announced the adoption of Chainlink’s (LINK) Cross-Chain Interoperability Protocol (CCIP) to enable cross-chain transfers, while WLD's technical outlook suggests a potential rebound with a wedge pattern breakout.
Meanwhile, Chainlink bought back LINK tokens on Thursday to further expand its token reserve. Despite this, LINK struggles to regain traders’ interest and risks further decline.
Stellar Price Forecast: XLM falls more than 6% despite SEC's approval of Hashdex ETF
Stellar (XLM) price stabilizes around $0.354 at the time of writing on Friday, after slipping more than 6% on Thursday. This drop occurred despite the US Securities and Exchange Commission (SEC) approval of the Hashdex Nasdaq Crypto Index US Exchange Traded Fund (ETF), which provides exposure to major cryptocurrencies, including Stellar. Despite the short-term weakness, XLM is approaching a crucial support level that could trigger a rebound, with technical signals suggesting growing bullish interest among traders.
Author
FXStreet Team
FXStreet
