Cryptocurrencies Price Prediction: Chainlink, LUNA & Bitcoin – American Wrap 27 August

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Chainlink Price Prediction: LINK at inflection point, 11% upswing likely

Chainlink price is hovering above the $23.71 support level, hinting at a potential rally. A bounce off the said demand barrier might push LINK up by 11% to 26.47. If the $22.06 foothold is breached, it will invalidate the bullish thesis. Chainlink price is hovering above a crucial support level and could witness a minor upswing before a firm directional bias establishes itself.

Another billionaire ramps up crypto investments as Bitcoin gains mainstream acceptance

Billionaire Simon Nixon has decided to increase allocation to cryptocurrencies in his family office, Seek Capital.The firm views the new asset class as an essential part of the future. A Goldman Sachs survey found that nearly 50% of family offices are looking to invest in digital assets.

Terra added on Alto CryptoIRA as LUNA price eyes 30% ascent to reclaim all-time high

Terra price has rallied 10% in its quest to reach its all-time high at $34.78. LUNA becomes one of the 19 cryptocurrencies to be added on Alto Crypto IRA. The ascent to reach an all-time high is sprinkled with $30.55 and $32.35 resistance levels. Terra price performance has been nothing short of impressive in the past couple of weeks. While many cryptocurrencies struggled to reclaim the pre-May 19 crash levels, LUNA set up a new all-time high.

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FXStreet Team

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Japanese Yen gains after hawkish Fed hold

USD/JPY trades near the 163.60 area on Wednesday, recovering from its immediate post-announcement decline as investors assess a generally hawkish Federal Reserve (Fed) monetary policy decision. The Federal Open Market Committee (FOMC) left the Fed funds rate unchanged within the 3.50%–3.75% range, as widely expected.

XRP edges up as Flare simplifies staking process

Ripple (XRP) holds modest gains, trading around $1.08 at the time of writing on Wednesday. The remittance token mirrors the general neutral-to-bullish outlook in the crypto market, as focus shifts to the Federal Reserve (Fed) rate decision. Market participants widely expect the Fed to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP post modest gains ahead of Fed rate decision

Cryptocurrency prices are broadly stable on Wednesday ahead of the Federal Reserve (Fed) interest rate decision. Bitcoin (BTC) holds above $64,000 but is struggling to sustain its rebound while Ethereum (ETH) sits above the short-term $1,900 support. Meanwhile, Ripple (XRP) is approaching the pivotal $1.10 resistance, a level that could shape the token’s upward trajectory if it is breached.

Bitcoin muted as markets fret over Fed, crypto bill

There are two main drivers for crypto this week, keeping Bitcoin trapped within its $58,000-$65,000 summer consolidation range. The cautious tone is being set by the Fed's policy decision scheduled later on Wednesday, a key catalyst for risk assets.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.