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

FXStreet Team FXStreet

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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XRP trades under pressure amid weak retail demand

XRP presses down on the 50-day EMA support as risk-averse sentiment spreads despite a positive start to 2026. XRP faces declining retail demand, as reflected in futures Open Interest, which has fallen to $4.15 billion.

Pi Network Price Forecast: PI holds key support as momentum coils

Pi Network (PI) trades close to $0.2100 at press time on Friday, stabilizing after a two-day decline of nearly 2%. The PI token's trading volume steadily declines, while a surge in social dominance suggests a potential spike in retail interest.

Crypto Today: Bitcoin, Ethereum, XRP risk further decline as market fear persists amid slowing demand

Bitcoin holds $90,000 but stays below the 50-day EMA as institutional demand wanes. Ethereum steadies above $3,000 but remains structurally weak due to ETF outflows. XRP ETFs resume inflows, but the price struggles to gain ground above key support.

Bitcoin Weekly Forecast: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds have recorded net outflows so far this week.

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Bitcoin: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.