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Cryptocurrencies Price Prediction: Ethereum Classic, SafeMoon & Zilliqa — Asian Wrap 24 June

Ethereum Classic Price Prediction: ETC is dead money under $47

Ethereum Classic price has collapsed 80% from the May high and 60% from the corrective high on May 26, taking the cryptocurrency below the 2018 high. Now that ETC resides below the 2018 high, it will be challenging to mount a compelling advance in the short term, forcing investors to transit cautiously until a timely entry price can be distinguished from the general level of uncertainty.

SafeMoon price craves new opportunity, but SAFEMOON rally not on the horizon

SafeMoon price fails to build on the golden cross signal on June 16 as the weight of the deteriorating cryptocurrency complex plunged SAFEMOON to a new correction low. The initial recovery was impulsive, but the digital token has shifted into a consolidation with no discernible clues about the direction or magnitude of the future trend.

Zilliqa Price Forecast: ZIL needs a catalyst as bounce fails to impress

Zilliqa price followed the cryptocurrency complex lower this week, printing a new correction low early Tuesday. However, the rebound and follow-through day have been muted, hinting at residual selling pressure or a simple pause in the corrective process. Until ZIL recovers $0.085 on a daily closing basis, market speculators should remain on the sidelines.

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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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Top 3 Price Prediction: BTC, ETH and XRP retreat as Fed rate decision looms

Bitcoin, Ethereum and Ripple remain under pressure and consolidate at the time of writing on Wednesday after falling more than 3%, 4% and 9%, respectively, as the Clarity Act failed to advance in the Senate on Tuesday.

Crypto Overview: Bitcoin falls to $75,000 as CLARITY Act fails to advance – Pi Network, Injective lead losses
Bitcoin (BTC) price trades around $75,000 on Wednesday, following a 3% decline the previous day as the US Senate failed to advance the CLARITY Act to a cloture vote. The broader cryptocurrency market's risk-on sentiment eases, with over $600 million in liquidations in 24 hours, driven primarily by long-position unwinding.
CLARITY fails to pass Senate, what happens next?
The US Senate on Tuesday blocked further consideration of the Digital Asset Market Clarity Act, with a procedural vote falling short of the 60 required YEA. The motion to advance the bill failed 49-50, with all 49 supporting votes coming from Republicans. The setback leaves the market-structure bill stalled as Congress moves closer to its midterm election recess.
Ethereum Price Forecast: ETH continues to attract capital despite impending rate hike and Clarity Act failure
Ethereum (ETH) declined to $2,400 on Tuesday after the Clarity Act failed to progress in the Senate. Despite that and the market's near certainty of an interest rate hike at the next Federal Reserve (Fed) meeting, the top altcoin has continued to attract fresh capital. Ethereum buyers have been dominating sellers over the past few days.
Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.