Cryptocurrencies Price Prediction: PEPE, Bitcoin & Litecoin – American Wrap 08 January

PEPE Price Prediction: $0.000015 support at risk as bears deploy $15M leverage
PEPE price plunged 10% to hit $0.000018 on Wednesday as traders rapidly cut back on high-risk memecoin exposure amid intense market turbulence. Derivative markets data show bear traders deploying high volumes of leverage to amplify profits amid macroeconomic uncertainty.

Bitcoin struggles as bull market grinds to a halt: Where is crypto headed?
Bitcoin (BTC) briefly slipped below $95,000 on Wednesday before recovering above that level. Bitcoin’s crash ushered a market-wide correction in crypto, sending altcoins in the top 5 lower except XRP that held on to recent gains and added nearly 2% on the day.

Litecoin Price Forecast: 40,000 LTC traders exit as crypto crash triggers $500M in liquidations
Litecoin price slid 10% to hit a 7-day low of $102 on Wednesday. On-chain metrics show a large number of LTC holders exiting their positions as hawkish US jobs data sparked downward volatility.

Author

FXStreet Team
FXStreet




