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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Avalanche — Asian Wrap 16 January

Ethereum short traders could profit on one condition ahead of ETH Shanghai upgrade

Ethereum, the second-largest cryptocurrency by market capitalization, yielded 21% gains over the past week. Experts argue that bulls are close to exhaustion, and traders with short positions could profit ahead of the Shanghai upgrade.  


El Salvador congress approves digital securities law to raise funds for Bitcoin City

El Salvador, a country located in Central America is working on raising funds for the development of a Bitcoin City. The country passed a law allowing Bitcoin bond issuance, underpinning the sale of the first ever sovereign Bitcoin bond. 


AVAX price rally comes to a grinding halt despite Amazon partnership and addition of USP stablecoin

AVAX was chosen by Amazon Web Services (AWS) to develop blockchain solutions for enterprises and governments. AVAX is now an AWS partner and fully supports the smart contract’s infrastructure and dApp ecosystem. AVAX, the smart contract network, witnessed two bullish catalysts over the past week

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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.

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XRP extends breakout as ETF inflows, futures demand drive momentum

Ripple rises on Friday to trade above $1.40 as bulls aim for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday, reinforcing the bullish outlook.

Bitcoin Weekly Forecast: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.

Chainlink hits seven-month highs amid strong DeFi, institutional demand

Chainlink is up roughly 8% on Friday, pushing the price up over 20% so far this week into double digits. DeFi ecosystem records daily DEX volume of over $9 billion for three consecutive days as TVL rises to $84.76 billion.

Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflows

The cryptocurrency market remains bullish on Friday, led by Bitcoin’s surge above $77,000. Altcoins, including Ethereum and Ripple, mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.