TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies price prediction: BTC, SUI and Altcoins - American Wrap - 21 04

Cryptocurrencies price prediction: BTC, SUI and Altcoins - American Wrap - 21 04
FXStreet TeamFXStreet TeamFXStreet

Crypto Today: Bitcoin taps 45-day peak as US Dollar jittery sparks demand for altcoins and Gold

The cryptocurrency market capitalization rises 0.9% on Monday, breaking after stagnating at $2.7 trillion last week. Global news insights suggest that crypto has benefited from capital displaced as investor confidence in USD-denominated assets wobbles. 

Bitcoin price action today | Source: Coingecko 

 

Altcoin Season Beckoning: What's behind Sui, Stacks and Fartcoin price rallies?

The cryptocurrency market gains strength on Monday, led by select altcoins like Sui, Stacks (STX) and Fartcoin, following another round of instability in United States (US) markets caused by President Trump's administration's plan to shake up the Federal Reserve (Fed), and possibly fire Fed Chair Jerome Powell. The US dollar (USD) tumbles, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, hitting a three-year low, with markets interpreting the White House's direct attack on Powell as threatening the central bank's independence, FXStreet reported earlier today.

 

Bitcoin Price Forecast: BTC soars above $87,000 amid $500 million Bitcoin Reserve Bill debate on Wednesday

Bitcoin (BTC) price breaks and trades above its key resistance level of $85,000 at the time of writing on Monday after facing multiple rejections the previous week. Institutional demand shows mild recovery, as it recorded nearly $16 million inflow into Bitcoin spot Exchange Traded Funds (ETFs) last week. Moreover, the Texas Senate Bill 21 aims to establish a Strategic Bitcoin Reserve, with the Texas House set to debate it on Wednesday.

BTC/USDT daily chart

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

Why altcoin season isn't coming back — and what stole its capital

Why altcoin season isn't coming back — and what stole its capital

If, after two years of being frozen in ice, Katara and Sokka woke you up to the crypto market, it would seem like 100 years have passed. With Bitcoin soaring to record highs just over a year ago, everyone expected a routine altcoin season, where investors take profits from the top crypto to chase higher returns in altcoins.

Bitcoin Weekly Forecast: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin Weekly Forecast: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin recovers, trading above $78,000 on Friday, but the 50-week SMA near $78,760 continues to cap its upside. A hawkish Fed outlook, escalating Middle East tensions, and the CLARITY Act's failure to advance in the US Senate could limit BTC upside.

Why Bitcoin's over 30% rebound doesn't mean the bear market cycle is done

Why Bitcoin's over 30% rebound doesn't mean the bear market cycle is done

BTC has staged a strong recovery after falling to a yearly low of $57,800 in July, gaining nearly 33% and recording two consecutive months of gains in July and August. Is this the start of a new bullish phase, or simply another recovery within a broader bear-market cycle?

Crypto Today: Bitcoin, Ethereum, XRP eye short-term breakout as bulls return

Crypto Today: Bitcoin, Ethereum, XRP eye short-term breakout as bulls return

Bitcoin trades higher near $78,000 on Friday as bulls return after early-week macro uncertainty and regulatory headwinds. Ethereum aligns with the broader crypto market’s neutral-to-bullish outlook, holding support above $2,400 and gaining momentum for a short-term breakout at $2,500.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.