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Cryptocurrencies Price Prediction: Bitcoin, Solana & Cryptos - American Wrap 17 April

Cryptocurrencies Price Prediction: Bitcoin, Solana & Cryptos - American Wrap 17 April
FXStreet TeamFXStreet TeamFXStreet

Crypto Today: Trump criticizes Powell, SOL and ADA lead DeFi gains as Bitcoin price nears $85K 

The cryptocurrency sector valuation is hovering around the $2.7 trillion mark on Thursday. While Bitcoin price clings to the $85,000 level, DeFi protocols and layer-1 altcoins appear to be attracting the most traction on the day.

Bitcoin ETF Flows, April 17, 2025 | Sources: Farside

Bitcoin Price Forecast: BTC holds $84,000 despite Fed’s hawkish remarks and spot ETFs outflows

Bitcoin (BTC) is stabilizing around $84,000 at the time of writing on Thursday after facing multiple rejections around the 200-day Exponential Moving Average (EMA) at $85,000 since Saturday. Despite risk-off sentiment due to the hawkish remarks by the US Federal Reserve (Fed) on Wednesday, BTC remains relatively stable. Meanwhile, institutional demand shows weakness, as it recorded nearly $170 million outflow from Bitcoin spot Exchange Traded Funds (ETFs) on Wednesday.

BTC/USDT daily chart

Crypto market cap fell more than 18% in Q1, wiping out $633.5 billion after Trump’s inauguration top

CoinGecko’s Q1 Crypto Industry Report highlights that the total crypto market capitalization fell by 18.6% in the first quarter, wiping out $633.5 billion after topping on January 18, just a couple of days ahead of US President Donald Trump’s inauguration. This decline was accompanied by a drop in investor activity, with average daily trading volumes plunging 27.3% quarter-on-quarter. In the same period, Bitcoin (BTC) fell by 11.8%, but its dominance increased, and it was outperformed by Gold and US Treasuries.

Q1 total crypto market cap & trading volume chart. Source: CoinGecko

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

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Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.