Cryptocurrencies Price Prediction: BNB, Bitcoin & Ethereum – European Wrap 29 January

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BNB Price Forecast: Shows signs of weakness as development activity reaches its lowest level in four months

BNB (BNB) faces rejection from its previously broken ascending trendline around $686 on Wednesday, hinting at a downturn ahead. The technical outlook suggests a bearish move as its momentum indicators show weakness. Moreover, Santiment’s data shows that BNB’s development activity reached its lowest level in four months, reflecting waning confidence in its blockchain projects.

Czech central bank considers billions in Bitcoin reserves

Czech National Bank Governor Aleš Michl proposes investing billions in Bitcoin, aiming to diversify reserves and make CNB the first major central bank to hold it.

Czech National Bank Governor Aleš Michl is pushing for a historic move—investing billions of Euros in Bitcoin as part of the country’s public reserves, according to the Financial Times.

Ethereum as a canary in the coal mine

The crypto market is not yet showing sustained growth. The positive momentum seen on Tuesday morning was replaced by selling pressure. The cryptocurrency market quickly recovered to the $3.50 trillion level, where it consolidated after reaching the $3.6 trillion mark late last week.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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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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