Cryptocurrencies Price Prediction: Ethereum, Bitcoin & DYDX — Asian Wrap 17 April

FXStreet Team FXStreet

Ethereum holders lose risk appetite, here's what it means for ETH price

On-chain analysts at crypto intelligence tracker Santiment believe Ethereum holders have lost their risk appetite for the asset, based on divergences in the market. Experts have predicted a correction in Ethereum, against Bitcoin.

Bitcoin price likely to witness an explosive move to $50,000 on this condition

Crypto analyst who predicted the bull market of 2023 has commented on Bitcoin’s uptrend. The expert believes BTC is primed for a run up to the $50,000 level, however this a likelihood of a correction in the asset soon.

Here’s what dYdX whales know about the token’s bullish potential

dYdX token’s large wallet investors have steadily accumulated the asset since March 2023. Whale accumulation coupled with a declining supply on exchanges is considered a bullish sign for the token and experts predict a sustained uptrend in dYdX.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.