Cryptocurrencies Price Prediction: Chainlink, Crypto.com & Bitcoin – American Wrap 31 March
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto search for support with global markets on the back foot
Bitcoin price, Ethereum and other cryptocurrencies are currently just off the highs of March and looking solid on positive news and a breakthrough in the peace talks between Russia and Ukraine. But sentiment has shifted during the European session on Wednesday, following data showing inflation in some countries in the eurozone approaching double digits, and this has pulled markets' attention back to the problem of rising price pressures. With EURUSD off the lows, and equity markets tanking, a significant tailwind that was helping cryptocurrencies could be set to fade and even turn into a headwind, as cold water is dampening any further beliefs of a truce or peace deal.
Crypto.com price could double in the next few weeks
Crypto.com price is currently at the midway point in completing a bullish setup. Therefore, market participants can expect massive returns for this token even before a breakout!
Chainlink price could hit a brick wall on fears over Ukraine-Russia peace talks
Chainlink (LINK) price is still increasing, although most markets have been put on the back foot a bit in a slight change of sentiment overnight. Global markets took a step back as investors realised no real breakthrough had been made in the peace process, and after EU inflation numbers were seen running out of control. Whereas on Tuesday markets perceived that tail risks were diminishing, they now seem only to have got bigger and are weighing more on price action.
Author
FXStreet Team
FXStreet
