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Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – Asian Wrap 05 Feb

Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – Asian Wrap 05 Feb
FXStreet TeamFXStreet TeamFXStreet

Dogecoin Price Prediction: DOGE explodes again thanks to Elon Musk and remains stronger

Dogecoin had another massive 50% price explosion in the past 24 hours thanks to several tweets from Elon Musk. Yet again, the richest man in the world endorses Dogecoin and the market reacts positively. Of course, shortly after DOGE plummeted 21% but managed to keep some of the gains.

Ethereum price is on track to $3,000 following crucial rebound

Ethereum bulls shrug off the previous day’s consolidation from the record top while regaining the upside momentum around $1,620 during early Friday. In doing so, the ETH/USD quote bounces off the previous resistance stretched from January 10.

Bitcoin braces for $48,000 as inverse head-and-shoulders favor BTC bulls

BTC/USD eases to $37,100 during early Friday. Even so, the crypto major portrays a bullish chart formation on the four-hour (4H) play and is well keeping the uptrend, as per the MACD and RSI conditions. The latest pullback could be traced from the downbeat comments from the Reserve Bank of Australia (RBA) official.

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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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Ripple eyes short-term bullish turn as investor demand returns

Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.