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

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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.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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