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Cryptocurrencies Price Prediction: Cryptos, Chainlink & Arbitrum– American Wrap 2 March

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Smart Money Matadors

The cryptocurrency market's current consolidation has investors wondering if it is time to join the bulls or if the sideways price action is a smart money tactic to lure in liquidity.
tm/btc/2/3/2/22
Chainlink (LINK) price is in distress as vital support is needed to add fresh money into its rally. On the other hand, even the smallest slip below the crucial support at $7 could be the omen that the year-to-date (YTD) value for LINK is set to turn negative for 2023. That would mean that the start of 2023 was just a dead-cat bounce.
LINK/USD weekly chart
The newly-launched ArbiSwap app appears to have rug pulled users after removing over $100,000 from the platform’s liquidity pools.
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Editor's Picks

Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.