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Cryptocurrencies Price Prediction: Chainlink, Uniswap & Bitcoin — Asian Wrap 31 August

Cryptocurrencies Price Prediction: Chainlink, Uniswap & Bitcoin — Asian Wrap 31 August
FXStreet TeamFXStreet TeamFXStreet

Chainlink price falls 5% as LINK airdrop starts, available for Ethereum Layer-2 users

Chainlink (LINK) price is trading with a bearish inclination, having lost all the ground covered during the August 29 rally that was fueled by the Grayscale asset manager’s resounding victory in its longstanding case against the US Securities and Exchange Commission (SEC).

Uniswap whales rack up UNI dumped by large wallet holders as Uniswap price tests key level

Uniswap price has been finding difficulty in recovering the losses it witnessed over the past four weeks, and by the looks of it, some investors are losing confidence in the asset as well. However, the whale addresses clearly are not giving up on the DeFi token, pushing onwards by balancing the skepticism from other investors.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors resort to small collections amid dull markets

After prolonged consolidation, the market found impulse when Grayscale secured a victory against the US Securities and Exchange Commission (SEC). Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices rallied, along with the broader market. It did not take long, however, before traders started cashing in on these gains to quench their profit appetite after a longstanding "inactionable" market characterized by shrinking volatility. 

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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.

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XRP holds bearish bias despite spot ETF inflows

XRP holds bearish bias despite spot ETF inflows

Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

The cryptocurrency market broadly corrects on Friday, as investors assess macro uncertainty and geopolitical tensions, which continue to escalate in the Middle East. Bitcoin (BTC) is trading below $64,000, down from the weekly high of $65,745. Altcoins such as Ethereum (ETH) and Ripple (XRP) are trading under increasing selling pressure below $1,900 and $1.10, respectively.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.