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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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Bitcoin: Fed delivers, yet fails to impress BTC traders

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