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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & AI Tokens — Asian Wrap 21 May

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & AI Tokens — Asian Wrap 21 May
FXStreet TeamFXStreet TeamFXStreet

Ethereum sees a 16% spike as Bloomberg analysts surprisingly increase approval odds to 75%

Ethereum's (ETH) price gained over 16% on Monday as Bloomberg analysts updated their odds for spot Ethereum ETF approval to 75%. Grayscale’s CEO stepping down from his role days before the Securities & Exchange Commission (SEC) decides on the ETFs has also added complexity to the predictions of analysts.

Another run to Bitcoin all-time high would be completely realistic, for these reasons

Crypto analysts at intelligence tracker Santiment provided an overview of the crypto market and compared Bitcoin and meme coin performance with previous cycles, sharing its implications in a recent tweet on X. 

Top 5 AI, DePIN tokens hit by corrections ahead of key events, NVIDIA earnings this week

Chip giant NVIDIA has emerged as a significant market mover for cryptocurrencies in the Artificial Intelligence (AI) and Decentralized Physical Infrastructure Network (DePIN) categories, per previous earnings results from the technology firm. 

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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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Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano reclaims trading above the key support zone on Monday after a 2.85% correction last week. Improving derivatives positioning and constructive technical outlook support a recovery for ADA. Derivatives data shows an improving sentiment among Cardano traders. CoinGlass’ long-to-short ratio for ADA reads 1.01 on Monday, flipping into green territory.

Zcash Price Forecast: $30 million ETF outflows weigh on mild ZEC recovery

Zcash Price Forecast: $30 million ETF outflows weigh on mild ZEC recovery

Zcash trades around $1,278 at press time on Monday, holding the previous day's 4% gains and showing a steady recovery over the last three days. Institutional demand for Zcash remains low, with Grayscale’s ZEC-focused Exchange Traded Fund recording $30 million in outflows last week.

Top 3 Price Prediction: BTC reclaims $83,500, ETH takes back 50-day EMA, XRP holds support

Top 3 Price Prediction: BTC reclaims $83,500, ETH takes back 50-day EMA, XRP holds support

Bitcoin takes back $83,500 on Monday after a sharp correction, with the Crypto King slipping below $81,000 the previous week. Ethereum and Ripple followed BTC’s footsteps, recovering and reclaiming the $2,500 and $1.400 marks after a pullback last week.

Ethereum Price Forecast: Weakening derivatives and US sentiment keep ETH below $2,500

Ethereum Price Forecast: Weakening derivatives and US sentiment keep ETH below $2,500

Ethereum saw a brief recovery on Friday, up 3% over the past 24 hours, but remains below the $2,500 key level as derivatives continue to show weakness. Open interest, the total value of outstanding contracts in a derivatives market, briefly rose to 13.29 million ETH earlier on Thursday as prices fell, before retreating to 12.83 million ETH.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.