Cryptocurrencies Price Prediction: Meme coins, Bitcoin & Bittensor – American Wrap 29 January

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Greg Magadini, director of Derivatives: Favorable regulation could usher an era of corporate meme coins

Greg Magadini is the director of Derivatives at Amberdata, a digital asset data and insights platform. FXStreet interviewed Magadini and gathered his insights on the Bitcoin and Ethereum derivatives market, sentiment, shifting tide on the Solana blockchain, the future of meme coins and his comments for forex traders building a crypto portfolio.

Trump Media announce fintech launch with $250 million Bitcoin and crypto investment, TRUMP meme coin plunges

Meme coins related to United States (US) President Donald Trump DJT and TRUMP declined on Wednesday despite the Trump Media board's plans to launch a new financial services platform, Truth.Fi.

Bittensor Price Forecast: Is China's Deepseek vs OpenAI rivalry behind $1.4B TAO rally?

Bittensor (TAO) price peaked $484 at for Wednesday, defying crypto market volatility with a 37% increase over the last seven days. On-chain data suggests discussions around China’s Deepseek and OpenAI may have driven TAO’s strong performance.

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Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.