Cryptocurrencies Price Prediction: Ethereum, Shiba & Bitcoin – American Wrap 31 August

FXStreet Team FXStreet

Wall Street believes Bitcoin price hit its bottom after key move by US Federal Reserve

Bitcoin price hit a floor after Jerome Powell’s speech at the Jackson Hole Economic Symposium. After the asset’s price declined nearly 6% over the past week, Wall Street analysts believe Bitcoin has hit its bottom. Bitcoin price likely hit a floor after Jerome Powell’s speech at the Jackson Hole symposium. Wall Street analysts believe the US Federal Reserve chair’s comments on financial markets triggered a Bitcoin price drop. Bitcoin price begins an uptrend, eyeing the target at $21,895 level, analysts remain bullish on BTC.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto recovery rallies have unfinished business

Bitcoin price shows that the recent sell-off was quickly undone as bulls came to the rescue. This development was well received by altcoins, including Ethereum and Ripple, which have also experienced quick recoveries. Going forward, market participants need to exercise caution since BTC did not complete its downside objective after the recent nosedive.

Shiba Inu price may provide a once-in-a-bear-market opportunity

Shiba Inu price hovers around a stable support level formed over the last three months. A breakdown of this barrier could trigger a steep correction that could provide one of the best trading opportunities in this bear market.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.