Cryptocurrencies price prediction: Bitcoin, Ethereum & Chainlink - American Wrap April 16

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Crypto Today: Metaplanet raises $10M to buy BTC, ETH price moves below $1,600 as Tron gains signals panic

The cryptocurrency aggregate market capitalization stabilized around $2.7 trillion on Wednesday, with Bitcoin’s $84,000 support momentarily anchoring the market against external bearish discourses.

Crypto market performance, April 16, 2025 | Source: Coingecko

Chainlink active addresses drop as whale selling spikes, could LINK crash below $10?

Chainlink (LINK) has seen a lackluster downward trend in its performance since reaching a peak of $30.86 in December. Despite targeted attempts from bulls to change course, recovery for the Oracle network token remains elusive, with LINK sliding by 0.74% on the day to trade at $12.15 at the time of writing on Wednesday. These rampant downside risks can be attributed to weak fundamentals observed from several metrics, including network and whale activity.

Bitcoin Price Forecast: Bitcoin stabilizes around $83,000 as China opens trade talks with President Trump’s administration

Bitcoin (BTC) is stabilizing around $83,500 at the time of writing on Wednesday after facing multiple rejections around the 200-day Exponential Moving Average (EMA) at $85,000 since Saturday. A breakout of this strong level would indicate a bullish trend ahead. In the meantime, according to Bloomberg, China is open to trade talks with US President Trump’s administration, signaling reduced trade war tensions, which could boost risk-on sentiment in the short term and benefit risky assets like Bitcoin.

Bitcoin spent output value bands ( left chart). Bitcoin profit by whales cohort (right chart). Source: CryptoQuant

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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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