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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & AI Tokens — Asian Wrap 24 September

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & AI Tokens — Asian Wrap 24 September
FXStreet TeamFXStreet TeamFXStreet

Ethereum outperforms top 20 cryptos as it targets $2,817

Ethereum (ETH) is up nearly 4% on Monday following its impressive rally in the past five days since the Federal Reserve (Fed) cut rates by 50 basis points. ETH is currently attempting to reclaim a key support level at $2,817.

Bitcoin could aim for $65,000 if key support level holds

Bitcoin (BTC) halts the recent positive movement and stabilizes above its key psychological level of $62,000 on Monday after a nearly 7.5% rise last week. On-chain data hints at a neutral sentiment among BTC’s traders. Additionally, the US spot Bitcoin Exchange Traded Funds (ETFs) experienced a slight decline in inflows week-on-week.

TAO, NEAR, RENDER lead rally as AI tokens surge

Artificial intelligence (AI) tokens led by TAO, NEAR and RENDER saw double-digit gains on Monday. Analytics platform Token Unlocks suggested that tokens like FET and RENDER, which possess high circulation and low FDV, are less liable to experience speculative volatility.

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Ripple faces persistent bear risks, shrugging off ETF inflows

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

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Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.