Cryptocurrencies Price Prediction: FTM, Bitcoin & Ethereum – American Wrap 24 May

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FTM whales pull back as Fantom price crashes by 10% in 24 hours

Fantom price is observing new lows as Bitcoin, too, fell on May 24. The crypto market turned bearish once again over the last few hours, with many other altcoins following a similar fate. However, in the case of Fantom, the trouble is a little more extensive since it is also losing the support of its investors.

How whale activity fuels Bitcoin cycles: a 2017 vs. 2023 comparison

Bitcoin (BTC) price cycles are structured around halving events that occur once roughly every four years, when rewards to miners are cut in half. The next BTC halving is expected in early 2024, and evaluating the differences between the 2015 to 2017 and 2020 to 2023 Bitcoin cycles can help traders define their expectations and prepare for the bull run.

Bitcoin whale wallet address count through segments in the 2015 to 2017 cycle

Ethereum price takes a turn for the worse, flirts with 10% correction

Ethereum (ETH) price is shedding some value this Wednesday as cryptocurrencies dive lower in synchrony. Risk assets are not in the sweet spot with both equities and cryptocurrencies printing red numbers as a safe haven flow unfolds in the markets. The stalemate in the US debt ceiling negotiations, the Fed Minutes later on Wednesday and a 50% of yet another US rate hike in July are just a few elements that are making Ethereum price likely to drop below $1,800.

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CLARITY Act approval odds sink fast ahead of Congressional hearing

The US House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Crypto Today: Bitcoin, Ethereum, XRP give back gains as tit-for-tat US-Iran strikes persist

Bitcoin has corrected by more than 1% on the day, trading below $63,000. This is part of a larger retracement from its weekly high of $65,600. Ethereum and Ripple similarly reflect overall pressure, with ETH falling toward the short-term $1,800 support and XRP hovering below the pivotal $1.10 level.

Dogecoin nears yearly low as bearish bias grows

Dogecoin extends its decline on Friday, trading near its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network (PI) shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.