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Cryptocurrencies Price Prediction: Polygon, Axie Infinity & Bitcoin – American Wrap 24 February

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Investors fleeing cryptocurrencies as residents flee Kyiv

Cryptocurrencies are waking up to a shocker this morning as the whole Eastern border of Ukraine is under siege of missile attacks by Russia and Belarus. This afternoon, NATO and the EU are scrambling for emergency meetings to further retaliate with sanctions cutting off Russia entirely from the financial system. In the meantime, investors are hoarding cash and pulling out their money into safe havens, but in the process, offering some lovely entry levels for the longer term.

MATIC could shed 25% as Russian military action advances into Ukrainian mainland

Polygon (MATIC)) is on the cusp of slipping below $1.00 as price action comes under selling pressure as military action in Ukraine rattles global markets. Russian troops are bombing several significant cities and reports are coming in of military convoys crossing mainland Ukraine with Russian troops. Global markets triggered a massive sell-off across the board, with safe havens heavily bid and risk assets being kicked out of portfolios.

Axie Infinity bears in control, AXS may collapse towards $31

A brief technical and on-chain analysis on Axie Infinity price. Here, FXStreet's analysts evaluate where AXS could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

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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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Cardano Price Forecast: Extends losing streak to five weeks as bears gain control

Cardano steadies around $0.176 on Monday after declining over 9% last week and marking the fifth straight week of losses since early October. Bearish price action is further supported by large whale cohorts reducing their ADA holdings. In addition, weakening on-chain data and a deteriorating technical outlook suggest that ADA could face further losses.

Zcash Price Forecast: ZEC loses steam as ETF selling weighs on recovery

Zcash attracts some buyers on Monday, edging higher after two straight days of losses. The privacy coin saw $13 million in total outflows from institutional investors, while its retail appeal remains mixed. The technical outlook for Zcash suggests it is losing steam as the price continues to consolidate between $1,112 and $1,340.

Top 3 Price Predictions: Bears in control, with next support at BTC $70,000, ETH around $2,000 and XRP near $1

Bitcoin, Ethereum, and Ripple bears remain in control, with the top three cryptocurrencies correcting over 4%, 6% and 10%, respectively, last week and marking their fifth consecutive weeks of losses. BTC trades around $75,530 on Monday after closing below key Exponential Moving Average, leaving the $70,000 level as its next major support.

Stronger than expected NFP sends Bitcoin to $74,888 signalling a new phase of global markets stress

The global macro landscape entered a new phase of volatility today as the latest U.S. Nonfarm Payrolls report delivered a significantly stronger‑than‑expected reading, reshaping rate expectations and triggering a broad risk‑off move across equities, crypto, and commodities.

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.