Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & AI Tokens — Asian Wrap 16 May

FXStreet Team FXStreet

Dogecoin Price Prediction: DOGE’s 15% upside potential hinges on Bitcoin holding above $65K

Dogecoin (DOGE) price is trading with a bullish bias, leading meme coins north as sector bulls resurface. This show of hand comes after Bitcoin (BTC) price broke past the $65,000 threshold and could extend if the pioneer cryptocurrency holds above this level.

Bitcoin Price Outlook: Will CPI report showing inflation eased in April push BTC to $70K?

Bitcoin (BTC) price jumped by 5% on Wednesday, seeing the American session outperform the Asian session for the first time in a while. Tailwinds sprouted fron US inflation release.

AI tokens see heavy gains following crypto market recovery

Following the crypto market recovery after the release of the US CPI data, AI tokens posted huge gains on Wednesday. Several factors may be the reason for renewed investor interest in these tokens.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.