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Cryptocurrencies Price Prediction: Solana, Binance & Cryptos— American Wrap 14 April

Cryptocurrencies Price Prediction: Solana, Binance & Cryptos— American Wrap 14 April
FXStreet TeamFXStreet TeamFXStreet

Weekly recap: Whales fuel AAVE, LDO price rallies, Bitcoin short liquidations climb, BTC dominance declines

Bitcoin and Ethereum prices climbed earlier this week, crossing psychological barriers and kicking off the “alt season,” according to experts. Bitcoin dominance experienced a pullback, while the asset rallied, liquidating short positions. 

Binance burns $676 million in BNB fueling a price rally while regulators join forces against the exchange

Binance, one of the world’s largest crypto exchanges, announced a burn of $676 million worth of BNB tokens. Burning an asset removes it from the circulating supply permanently, reducing the selling pressure on it. BNB price rallied in response to the exchange’s 2 million token burn.
BNB/USDT 4H price chart
Solana price successfully breached a multi-month pattern on April 11 – and has not looked back since. With Bitcoin also exhibiting a bullish outlook, SOL holders are in for a treat.
SOL/USDT 3-day chart

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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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