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Cryptocurrencies Price Prediction: Pi Network, VeChain & Bitcoin – American Wrap 28 August

Cryptocurrencies Price Prediction: Pi Network, VeChain & Bitcoin – American Wrap 28 August
FXStreet TeamFXStreet TeamFXStreet

Pi Network Price Forecast: PI recovers on Linux upgrade, Stellar protocol 23 news

Pi Network (PI) ticks higher by 3% at press time on Thursday, fueled by the release of Pi Node’s Linux version and the announcement of smart contract functionality with Stellar’s upcoming protocol 23 upgrade. The technical outlook holds a bullish bias as PI rebounds from a crucial support band for a renewed upcycle within a falling channel pattern, with bulls eyeing a potential breakout.

VeChain Price Forecast: VET eyes 32% breakout amid gradual shift to institutional adoption

VeChain (VET) is trending up and trading above $0.0250 on Thursday as bulls aim for a 32% technical breakout to $0.0338. The token’s nearly 4% increase has the backing of the derivatives market, as evidenced by the futures-weighted funding rate rising and stabilizing at 0.0113%. 

Bitcoin undervalued versus Gold as volatility collapses, JPMorgan says

Bitcoin (BTC) is trading too cheap relative to gold as its volatility falls to historic lows, Wall Street bank JPMorgan (JPM) said in a research report Thursday.

 

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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.