Cryptocurrencies Price Prediction: Ethereum Classic, Aave & Dogecoin — Asian Wrap 03 November

FXStreet Team FXStreet

Ethereum Classic price takes a 6% hit as the Fed hikes interest rates by 75 bps

Ethereum Classic price suffered the blow of the Federal Reserve’s decision to increase the interest rates by 0.75% point in order to reduce inflation. While Bitcoin and other top cryptocurrencies did not display much volatility, most of the altcoins noted price drops resulting in a 2.6% decline in the total crypto market capitalization.

Will AAVE price overcome this resistance following V3’s deployment on the zkSync 2.0?

As the biggest lending protocol in the Decentralized Finance (DeFi) space, Aave holds a significant influence over the DeFi user base. With over $5.4 billion locked across all its versions, Aave’s expansion will be highly beneficial to its further growth.

Dogecoin price pumps as high-cap investors consider taking profit

Dogecoin price pulled off a jaw-dropping rally during the final days of October. The majority of the technical indicators suggest DOGE will continue to rise. Key levels have been defined to determine the notorious meme coin's next targets.

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JPMorgan urges stronger crypto safeguards as it expands blockchain business

JPMorgan executives called on US policymakers to adopt a measured regulatory framework for digital assets that balances innovation with robust safeguards, according to a report on Monday.

Crypto Overview: Solana, Zcash, and Hyperliquid rebound while Bitcoin remains below $60,000

The broader cryptocurrency market remains under pressure with Bitcoin below $60,000 on Tuesday, while Solana, Zcash and Hyperliquid emerge as top performers over the last 24 hours. Retail sentiment remains bearish with the Fear and Greed Index around 17 maintaining an “Extreme Fear” signal.

Bitcoin stalls at $60K as buyer conviction fades, Strategy authorizes BTC sales

Bitcoin is trading around the $60,000 level on Monday after a sharp decline last week. With the top crypto struggling to recover, analysts suggest the market remains firmly in defensive territory as investors await stronger signs of demand.

Strategy unveils plan allowing Bitcoin sales to fund stock buybacks, dividends and reserves

Strategy (MSTR) has unveiled a Digital Credit Framework to strengthen the company’s financial standing. Under the new framework, the world’s largest corporate holder of Bitcoin (BTC) will pivot from its previous accumulation strategy, opting to sell BTC in order to boost liquidity, fund dividend payments, execute stock buybacks, and strengthen cash reserves.

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.