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Cryptocurrencies Price Prediction: MetaMask, Cryptos & Bitcoin – American Wrap 21 August

Cryptocurrencies Price Prediction: MetaMask, Cryptos & Bitcoin – American Wrap 21 August
FXStreet TeamFXStreet TeamFXStreet

MetaMask to launch mUSD stablecoin in partnership with Stripe's Bridge

Crypto self-custody wallet MetaMask stated on Thursday that it plans to launch MetaMask USD (mUSD), a stablecoin built for decentralized apps (dapps) and decentralized finance (DeFi) platforms in its ecosystem.

 

Crypto Today: Bitcoin, Ethereum, XRP stall as focus shifts to Jackson Hole

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain steady at press time on Thursday, following minor turbulence after the release of the Federal Open Market Committee (FOMC) meeting minutes on Wednesday. The meetings set the tone for the US Jackson Hole economic policy symposium, which starts on Thursday, focusing on transitions in the labor market. 

It’s not looking good: Bitcoin faces ABC correction scenario

Bitcoin has now corrected for six consecutive days, only pausing briefly on August 20 with a small bounce. After a clean 5-wave rally to new highs, the structure is increasingly pointing to an ABC correction: a typical Elliott Wave pattern that often follows impulsive moves.
 
 

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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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Kraken’s parent plans regulated US perpetual futures on Hyperliquid

Kraken’s parent plans regulated US perpetual futures on Hyperliquid

Hyperliquid has named Payward, the parent company of crypto exchange Kraken, as its intended first Commodity Futures Trading Commission-regulated deployer on HIP-3 markets. In an X post on Monday, Hyperliquid stated that Payward plans to use its infrastructure to deploy perpetual futures markets for US customers. The proposed arrangement remains subject to regulatory approval.

Pi Network Price Forecast: PI stalls as weak crypto sentiment caps recovery

Pi Network Price Forecast: PI stalls as weak crypto sentiment caps recovery

Pi Network holds steady above $0.0760 stalling after a roughly 2% rebound the previous day. The broader market's weak sentiment and reduced trading volume weigh on the PI token. The technical outlook is bearish, with price capped below a long-term resistance trendline and weak momentum.

Ripple and Stellar outlook: XRP and XLM remain under pressure as bearish momentum persists

Ripple and Stellar outlook: XRP and XLM remain under pressure as bearish momentum persists

Ripple and Stellar continue to remain under pressure, trading below $1.30 and $0.169 respectively, after a mild recovery the previous day. Both XRP and XLM remain below their key Exponential Moving Averages, indicating bearish price action. Moreover, mixed derivatives metrics and cautious on-chain data are capping sustained recovery in XRP and XLM.

Ripple secures OCC approval for National Trust Bank

Ripple secures OCC approval for National Trust Bank

Brad Garlinghouse, CEO of Ripple, announced in an X post on Monday that the Office of the Comptroller of the Currency (OCC) has granted final approval to charter Ripple National Trust Bank (RNTB). The federally supervised national bank demonstrates Ripple's progress toward building digital asset infrastructure within a regulated financial system.
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.