TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: MKR, Bitcoin & Crypto – European Wrap 29 April

Cryptocurrencies Price Prediction: MKR, Bitcoin & Crypto – European Wrap 29 April
FXStreet TeamFXStreet TeamFXStreet

Maker loses 9% in past 24 hours as whales sell MKR for profits

Maker (MKR) wiped out 9% of its value in the past 24 hours. Data from crypto intelligence tracker Santiment shows that large wallet investors are taking profit on their MKR holdings, likely driving down the asset’s price. 

Chart

Week Ahead: Bitcoin could surprise investors this week

Two main macroeconomic events this week could attempt to sway the crypto markets. Bitcoin (BTC), which showed strength last week, has slipped into a short-term consolidation. However, a shift in momentum could soon bring forth a momentary rally for BTC and altcoins. 

Chart

Crypto market retreats due to overhang of sellers

The crypto market has lost 3.3% in the last 24 hours to $2.3 trillion. The last time this level of capitalisation was on 19th April. Most worrying is the reversal of the trend from up to down last Wednesday. If the market easily pulls back below the previous local lows ($2.2 trillion), the downtrend in the market will be confirmed.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Solana Price Forecast: Bearish grip tightens on SOL amid broader market sell-off

Solana Price Forecast: Bearish grip tightens on SOL amid broader market sell-off

Solana is down 4% on Friday, extending losses below $80 and marking a nearly 10% decline so far this week. The broader cryptocurrency market is seeing heavy selling, with Bitcoin diving below $70,000 and wiping out more than $1 billion in the derivatives market. This adds to the sell-side dominance in SOL futures amid persistent outflows.

Cardano Price Forecast: On-chain and derivatives weakness point to further ADA downside

Cardano Price Forecast: On-chain and derivatives weakness point to further ADA downside

Cardano extends losses, trading below $0.169 on Friday, with losses nearing 4% so far this week. Moreover, ADA is heading into its sixth consecutive weekly correction, down more than 30% since early October.

Top 3 Price Predictions: BTC, ETH and XRP extend losses as downside momentum dominates

Top 3 Price Predictions: BTC, ETH and XRP extend losses as downside momentum dominates

Bitcoin, Ethereum, and Ripple extend their sell-off on Friday as bearish momentum gathers. BTC breaks below the $70,000 psychological threshold, while ETH loses the $2,000 support level, raising the risk of further losses. Meanwhile, XRP continues to slide as sellers maintain control, threatening a deeper correction toward $1.00.

Hyperliquid gains on centralized exchanges as open interest crosses $18B

Hyperliquid gains on centralized exchanges as open interest crosses $18B

Hyperliquid's (HYPE) open interest climbed to a record $18.1 billion in September as the decentralized exchange gained ground against major centralized trading platforms, with its share of combined open interest across eight leading exchanges rising to 11.7% in Q3.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.