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Cryptocurrencies Price Prediction: Ethereum, Chainlink & Bitcoin – American Wrap 09 November

FXStreet Team FXStreet

Major cryptocurrencies pressured, BTC/USD under $17K

Major cryptocurrencies remained distressed across the board on Wednesday, weighed amid fears over the FTX-Binance deal. Against the US dollar, Ethereum and Ripple are down more than an eye-popping 20%, and Bitcoin has shed 8% against its US counterpart, as of writing.

Bitcoin extends steep fall as uncertainty grows

Bitcoin extends steep fall into second day, being down over 7% into early US session on Wednesday, following Tuesday’s 9.5% drop (the biggest one-day loss since Sep 13). Cryptos are under increased pressure for the second day, as fears about the financial health of major exchange FTX grow, despite plans for a rescue deal from bigger rival Binance, which signed a nonbinding agreement to buy FTX’s non-US unit to help cover a liquidity crunch of the rival exchange.

Chainlink announces staking in December as LINK price uptrend comes undone

Chainlink price is yet to escape the selling pressure traversing the crypto market. The oracle price feed token tumbled after running into resistance at around $9.50. Although tentative support at $8.00 could have absorbed the selling pressure, the entire crypto market generally sustained losses emanating from a bank run-like withdrawal on FTX exchange.

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Ripple stabilizes amid mixed signals as ETF inflows resume despite low retail activity

Ripple hovers around the $1.60 pivotal level at the time of writing on Wednesday, reflecting stable but weak sentiment across the crypto market. Intense volatility triggered a brief sell-off on Tuesday, driving the remittance token to pick up liquidity at $1.53 before recovering to the current level.

Crypto Today: Bitcoin, Ethereum, XRP tick up despite macro uncertainty, retail exodus

Bitcoin rises above $76,000 following an extended decline to $72,946 the previous day as Fed-related headlines keep investors on edge. Ethereum advances toward the $2,300 hurdle amid low retail interest, with futures Open Interest falling to $26.3 billion.

Aster Price Forecast: ASTER extends recovery on Stage 6 buyback program

Aster extends recovery on Wednesday, bringing its gains to over 5% so far this week. Aster launches its Stage 6 buyback program, allocating up to 80% of daily fees. Derivatives data show a large capital outflow from ASTER futures Open Interest amid reduced bullish interest.

Bitcoin steadies as bears shift focus toward $70,000

Bitcoin trades above $76,000 on Wednesday, after hitting levels not seen since early November 2024 the previous day. Derivatives traders remain defensive, with the BTC futures premium holding steady around 6.3%, signaling reluctance to take on risk.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC correction deepens as Fed stance, US-Iran risks, mining disruptions weigh

Bitcoin (BTC) price extends correction, trading below $82,000 after sliding more than 5% so far this week. The bearish price action in BTC was fueled by fading institutional demand, as evidenced by spot Exchange-Traded Funds (ETFs), which recorded $978 million in inflows through Thursday.