Cryptocurrencies Price Prediction: Cryptos, Shiba Bitcoin– American Wrap 6 March

FXStreet Team FXStreet

Week ahead: Crypto markets stay flat after Silvergate crisis, an opportunity in disguise or troubled waters?

Cryptocurrency markets saw a sudden sell-off on March 2 as a slew of companies, including Coinbase, Paxos, Galaxy and others, dropped Silvergate as their banking partner. As a result, the banking giant’s stock price fell by 66% between March 1 and March 3.

Shiba Inu price could crash to December 2022 lows if it loses this level

Shiba Inu price noted a consistent downtrend throughout the month of February, which has not ended a week into March. The cryptocurrency is looking at a few more trading sessions, which could close in red, although if broader market cues turn positive, SHIB might not decline to extreme lows.

Bitcoin price could slip below $20,000 if Powell backtracks his comment

Bitcoin (BTC) price sees traders bracing for a big key event that is set to take place on Tuesday. The big event at hand is the US Senate hearing , where Fed Chair Jerome Powell will testify on Tuesday and Wednesday. Without hearing from Powell for over three weeks now, markets will want to hear if Powell has changed his mind about his disinflationary message from February.

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FXStreet Team

FXStreet

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.

Ondo: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

Ondo price hovers around $0.3700 on Wednesday, maintaining a broader corrective phase under the influence of a resistance trendline. Retail demand for ONDO remains firm, driven by the tokenization trend for traditional stocks and other Real World Assets.

Bitcoin Price Forecast: BTC steadies near $66,000 as markets await first Warsh-led Fed decision

Bitcoin steadies near $66,000 as investors await the Federal Reserve’s interest rate decision. Institutional demand shows slight improvement as spot Exchange Traded Funds recorded a mild inflow on Tuesday, after weeks of outflows.

Hyperliquid open interest surges 32% in week: Is $80 HYPE next?

Hyperliquid’s native token HYPE rallied 44% over five days, hitting a $76.90 all-time high on Tuesday. Despite the pullback to $73, open interest on HYPE futures reached the $3 billion mark, signaling growing institutional demand.

Meme Coins Price Prediction: DOGE near breakout, SHIB at ceiling and PEPE leads meme coin recovery

Meme coins are approaching a key technical level on Wednesday, which could determine the next directional bias. Dogecoin (DOGE) struggles to overcome a major resistance level, and Shiba Inu (SHIB) recovery lost momentum near a crucial barrier. Meanwhile, Pepe (PEPE) extends its rally for a sixth straight day, raising the prospects of further upside if momentum persists.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.