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Cryptocurrencies Price Prediction: Cryptos, Shiba Inu & Bitcoin – American Wrap 07 April

Cryptocurrencies Price Prediction: Cryptos, Shiba Inu & Bitcoin – American Wrap 07 April
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu gears up for metaverse trailer release

Shiba Inu, the second-largest meme coin in the crypto ecosystem, is gearing up for a key milestone: the release of a long-awaited metaverse trailer.
 

Prices of some gaming tokens are on the rise on Wednesday after a Hong Kong lawmaker with links with the web3 ecosystem said these assets are not likely to face regulation in the city as long as they do not involve the trading of securities or futures.

Gaming tokens
Crypto markets inched higher on Wednesday as traders shook off the regulatory troubles of Binance and Coinbase (COIN), two of the largest crypto exchanges by trading volumes, in a move that suggested bullish strength for major tokens.
 
 

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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 recovery faces resistance as derivatives demand cools

XRP recovery faces resistance as derivatives demand cools

XRP holds support at the 50-day EMA, but the 200-day EMA may limit recovery. XRP bulls battle to regain control, while momentum indicators remain downward, weighing on price action.

Crypto Today: Bitcoin, Ethereum, XRP stabilize defying macro headwinds and ETF outflows

Crypto Today: Bitcoin, Ethereum, XRP stabilize defying macro headwinds and ETF outflows

Bitcoin is showing resilience, trading up above $76,000 on Thursday. The uptick follows the US Fed decision that hiked interest rates the day before. Meanwhile, ETH gains momentum toward $2,500, suggesting the return of bulls as macro headwinds settle.

Bitcoin extends cautious rebound as ETF outflows, hawkish Fed risks cap upside potential

Bitcoin extends cautious rebound as ETF outflows, hawkish Fed risks cap upside potential

Bitcoin extends rebound trading above $76,500 on Thursday after a mild recovery the previous day. The Fed’s hawkish outlook, alongside escalating Middle East tensions, could limit BTC upside potential.

Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Ripple edges higher to $1.30 on Thursday, supported by its 50-day EMA at $1.28. Cardano holds near the short-term support trendline, with bulls attempting to reclaim the 50-day EMA at $0.1994.

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.