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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FXStreet Team

FXStreet

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CLARITY Act approval odds sink fast ahead of Congressional hearing

The US House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Crypto Today: Bitcoin, Ethereum, XRP give back gains as tit-for-tat US-Iran strikes persist

Bitcoin has corrected by more than 1% on the day, trading below $63,000. This is part of a larger retracement from its weekly high of $65,600. Ethereum and Ripple similarly reflect overall pressure, with ETH falling toward the short-term $1,800 support and XRP hovering below the pivotal $1.10 level.

Dogecoin nears yearly low as bearish bias grows

Dogecoin extends its decline on Friday, trading near its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network (PI) shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.