Cryptocurrencies Price Prediction: MATIC, Bitcoin & Cryptos – American Wrap 12 October

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MATIC price crashes 66% from 2023 peak as Polygon hardfork looms

Polygon (MATIC) price appears to be stuck in a downtrend since it reached a 2023 top in February, noting only one instance of recovery attempted. The drawdown has left the altcoin grasping at straws to note a rebound, with another attempt likely to be made in the next couple of hours.

GBTC looks to be forming a bullish triangle

Bitcoin Grayscale Investment Trust with ticker GBTC is showing sideways corrective price action in the hourly chart, ideally a bullish triangle pattern that can take the Bitcoin price higher once it’s fully completed, especially if we consider a strong daily trendline support.

Did Caroline Ellison and SBF cook Alameda’s books to save the world?

Before she worked at Alameda Research, Caroline Ellison did not think she’d break the rules of morality and also accounting. Of course, this was also before her ex-boyfriend and boss Sam Bankman-Fried convinced her that such mores were worth bending for the greater good.

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FXStreet Team

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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.