Cryptocurrencies Price Prediction: Ethereum Classic, Shiba Inu & Solana — Asian Wrap 26 July

FXStreet Team FXStreet

Ethereum Classic Price Prediction: A plummet in process

Ethereum Classic price witnessed a 100% rally in one week. ETC price shows prevalent volume within the current consolidation and bearish divergence on the Relative Strength Index. Invalidation of the downtrend scenario is a breach above $28.19

Shiba Inu Price Prediction: Did breakout bulls get it wrong?

Shiba Inu price witnessed a 7% decline, which could be the first impulse of a larger 20% decline in the coming days. SHIB price failed to find support from the 8-day simple moving average and now hovers above the 21-day moving average. Invalidation of the downtrend remains a breach above $0.00001320.

Why being an early buyer of the Solana price is unnecessary pt.2

Solana price had impressive trading opportunities last week. Still, the SOL price has a double scenario in the works that deems the digital asset unfavorable until further notice. Solana price currently trades at $38.34. Last week, the Solana price was a favorable digital asset for day traders and scalpers.

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FXStreet Team

FXStreet

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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.