Cryptocurrencies Price Prediction: Ethereum, Chainlink & Altcoins — Asian Wrap 24 June

FXStreet Team FXStreet

Ethereum holders keep accumulating Ether ahead of ETF and new yield opportunities

Ethereum’s (ETH) long-term holders have continued scooping up Ether while Bitcoin’s long-term holders shed their holdings. New yield opportunities in Ether, and the upcoming ETF are likely behind the divergence in the behavior of the long-term holders of BTC and ETH.

Chainlink supply on exchanges shoots up, LINK holders realize over $150 million in profits

Chainlink (LINK) supply on exchanges climbed to 230.43 million on June 21, a massive spike in a 24 hour period. Typically, an increase in the asset’s supply has a negative impact on price as it increases the selling pressure.

These seven altcoins are down over 40% from their all-time highs, recovery likely with latest developments

Crypto market capitalization excluding Bitcoin is down 3% in the past seven days and nearly 10% in the past 30 days, per TradingView. The shrinking market capitalization indicates that capital is flowing out of altcoins, the altcoins have likely wiped out their value over time in the ongoing cycle. There is potential for recovery in altcoins that have improved fundamentals, reduced supply or improved emission schedule.

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FXStreet Team

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Top 3 Price Prediction: BTC slides to a fresh yearly low, ETH breaks down, XRP signals more losses

Bitcoin, Ethereum and Ripple remain under heavy selling pressure on Friday, falling over 7%, 9% and 8% respectively. BTC has fallen to a fresh yearly low, ETH slipped below key support, while XRP continues to lose momentum. The technical outlook for these top three cryptocurrencies suggests bears remain firmly in control, hinting at deeper losses.

Crypto Market Overview: Bitcoin logs a 20-month low – Worldcoin, Pepe lead losses

The broader cryptocurrency market is facing relentless selling, pushing Bitcoin down to $58,000 on Friday and liquidating over $1 billion in 24 hours. Worldcoin and Pepe have emerged as the biggest losers over the same period, as bearish grip tightens on retail sentiment.

Bitcoin briefly hits $58K as short-term holder weakness deepens, macro conditions trigger liquidations

Bitcoin fell briefly toward the $58,000 level on Thursday as mounting macroeconomic uncertainty, weakening short-term investor conviction and widespread liquidations intensified selling pressure across crypto. The decline came amid a sharp reversal in US equities, erasing roughly $1 trillion from the S&P 500, while Bitcoin briefly touched $58,000 for the first time in 21 months.

Uniswap adds $150M in Spark stablecoin liquidity, launches no-code token auction tool

Uniswap received $150 million in stablecoin liquidity from Spark, with the assets set to transition to DualPool, a new custom liquidity hook, according to an announcement on Thursday. Under the new setup, liquidity providers will be able to earn swap fees while their underlying assets continue generating yield, eliminating the need to choose between the two.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.