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Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 18 September

Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 18 September
FXStreet TeamFXStreet TeamFXStreet

Pi Network Price Forecast: PI consolidates as momentum fades

Pi Network (PI) price sustains a steady move in a tight range above $0.3500 at press time on Thursday, extending the sideways trend. The consolidation phase marks an end to the prevailing downfall, which holds the fate of the upcoming trend. Meanwhile, Pi Network is progressing with the upgrade to the Stellar protocol version 23. 

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Bitcoin Price Forecast: BTC eyes $120,000 following FOMC dovish stance

Bitcoin (BTC) is gaining momentum after rebounding from key support, trading above $117,000 at the time of writing on Thursday. The rally follows the US Federal Reserve’s (Fed) 25-basis-point (bps) rate cut decision on Wednesday. Moreover, the possibility of additional cuts later this year further fueled risk-on sentiment across the cryptocurrency market. 

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The crypto market has returned to its highs, despite Bitcoin's sluggishness

The crypto market capitalisation gained 1% in 24 hours to $4.10 billion due to a global increase in risk appetite against the backdrop of the Fed's decision to cut rates and plans for further policy easing. The total market capitalisation is close to a record high, having been higher only briefly on 14 August. The market has been driven over the past week by altcoins such as BNB, SOL and DOGE, which have gained over 10% compared to 2.6% for BTC.

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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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