|

Cryptocurrencies Price Prediction: Ethereum, Axie Infinity & Bitcoin – American Wrap 03 March

Bitcoin whales are back, wanting to push BTC price higher

Bitcoin price awaits trigger, as it hovers between $43,000 and $45,000. Whale transactions on the network exceeding $1 million hit a peak over the past three days, fueling a bullish outlook among investors. 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Sentiment turns as the U.S. looks to regulate cryptos

Cryptocurrencies are facing some headwinds – whilst they have enjoyed  more inflows of late as both Ukrainian and Russian inhabitants reverted to cryptocurrencies as an alternative means of payment to avoid sanctions – there are signs this loophole will soon be closed. During Biden's State of the Union speech the president asked for a crackdown on cryptocurrencies to close the escape route for wealthy Russians. FED chair Powell added fuel to the fire by saying that he would welcome further regulation to monitor and control cryptocurrencies better. The result is that these comments have triggered some nervousness in all significant cryptocurrency pairs.

Axie Infinity weakens, AXS at risk of returning to $45

A brief technical and on-chain analysis on Axie Infinity price. Here, FXStreet's analysts evaluate where AXS could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Cardano Price Forecast: Extends losing streak to five weeks as bears gain control

Cardano steadies around $0.176 on Monday after declining over 9% last week and marking the fifth straight week of losses since early October. Bearish price action is further supported by large whale cohorts reducing their ADA holdings. In addition, weakening on-chain data and a deteriorating technical outlook suggest that ADA could face further losses.

Zcash Price Forecast: ZEC loses steam as ETF selling weighs on recovery

Zcash attracts some buyers on Monday, edging higher after two straight days of losses. The privacy coin saw $13 million in total outflows from institutional investors, while its retail appeal remains mixed. The technical outlook for Zcash suggests it is losing steam as the price continues to consolidate between $1,112 and $1,340.

Top 3 Price Predictions: Bears in control, with next support at BTC $70,000, ETH around $2,000 and XRP near $1

Bitcoin, Ethereum, and Ripple bears remain in control, with the top three cryptocurrencies correcting over 4%, 6% and 10%, respectively, last week and marking their fifth consecutive weeks of losses. BTC trades around $75,530 on Monday after closing below key Exponential Moving Average, leaving the $70,000 level as its next major support.

Stronger than expected NFP sends Bitcoin to $74,888 signalling a new phase of global markets stress

The global macro landscape entered a new phase of volatility today as the latest U.S. Nonfarm Payrolls report delivered a significantly stronger‑than‑expected reading, reshaping rate expectations and triggering a broad risk‑off move across equities, crypto, and commodities.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.