Cryptocurrencies Price Prediction: Ethereum, Binance Coin & Bitcoin – American Wrap 29 April

FXStreet Team FXStreet

Ethereum price presses higher while ETH technology used by EIB for digital notes

Ethereum price presses higher after convincingly holding the critical February high during the correction this month. The bullish outlook remains in place with the psychologically important $3,000 in the crosshairs.

Binance Coin Price Forecast: BNB on the verge of new all-time highs above $700

Binance Coin price is on the verge of a new all-time high again, rallying alongside CAKE. The Ethereum rival only faces one critical resistance level and the number of large holders continues to rise.

Bitcoin price outlook: A dip below 50,000 presents cheaper buying opportunities

Bitcoin prices experienced a slump on Sunday April 18, 2021 after a tweet (now dismissed as false) set off a selloff spree not seen in the cryptocurrency market. This tweet put out an unfounded rumour about an investigation into money laundering by several cryptocurrency projects. This drove market fear that saw Bitcoin fall from $62,000 to as low as $50,000 before recovering to its present levels.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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