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Cryptocurrencies Price Prediction: Ethereum, Shiba & Bitcoin – American Wrap 06 May

Cryptocurrencies Price Prediction: Ethereum, Shiba & Bitcoin – American Wrap 06 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Bears take control after MicroStrategy’s margin call woes

Bitcoin price suffered a massive setback after a minor uptrend due to the FOMC meeting on May 5. While the Fed concluded a 50 basis point hike in interest rates, the volatility that it brought caused the stock market and BTC to crash. 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Shakeouts, Fakeouts, Hopes & Dreams

Bitcoin price trades sideways after brief acquaintance with $35,750. Ethereum price slides below the monthly trend line at $2,700. XRP price rests at $.60, displaying hopeful signs

Why Shiba Inu price reached a market bottom

Shiba Inu price action has certainly faced its fair share of struggles. Despite the boring price action and bleak outlook, SHIBA is neither outperforming nor underperforming its peers.

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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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XRP recovery stalls as Ripple and Robinhood expand partnership scope

XRP recovery stalls as Ripple and Robinhood expand partnership scope

Technically, XRP is still in the woods, with the 50-day EMA limiting the token’s recovery potential. Ripple (XRP) faces short-term hurdles, trading around $1.33 on Wednesday.

Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

Bitcoin reclaims $81,000 as traders await Fed policy decision, Big Tech earnings

Bitcoin reclaims $81,000 on Wednesday, extending its recovery as investors await the Fed’s policy decision and upcoming Big Tech earnings. Spot Bitcoin ETFs record an inflow of $175.99 million on Tuesday, marking a second consecutive day of inflows.

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

Crypto Today: Bitcoin, Ethereum, XRP recover ahead of Fed decision

Bitcoin has renewed its advance above $81,000 on Wednesday, lifting sentiment across the cryptocurrency market ahead of the upcoming Fed's interest rate decision. Ethereum follows in Bitcoin’s footsteps. Ripple is similarly edging higher above $1.33.

Pi Network stalls as Core Team expands investment fund to Axis Robotics

Pi Network stalls as Core Team expands investment fund to Axis Robotics

Pi Network hovers around $0.0766 on Wednesday, holding steady after a roughly 2% rebound on Monday. Axis Robotics officially confirmed that it has received seed investment from Pi Ventures, which focuses on the technical integration of AI and robotics.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.