Cryptocurrencies Price Prediction: Solana & Bitcoin — Asian Wrap 02 December

FXStreet Team FXStreet

Coinbase Wallet disables NFT transfers as Apple forces 30% fees compliance

Coinbase Wallet took a dig at the biggest tech company in the world, Apple, after it was forced to deactivate some of its features. The wallet service of the world's second-biggest cryptocurrency exchange in the world could not follow certain policies by Apple, resulting in Coinbase's predicament.

Solana price shows largest influx of transactions during November's 65% downswing

Solana price was a crypto-underperformer throughout November. While several cryptocurrencies produced decent-to-jaw-dropping countertrend rallies, the Solana price remained suppressed. A break above $14 could trigger a spike into the $17 price zone.

Bitcoin price witnesses 44% increase of deposits to all exchanges in November

Bitcoin price a countertrend move just before November's auction finalized. Still, on-chain metrics suggest the downtrend is not yet over. Bitcoin price is undergoing a profit-taking consolidation after the bulls prompted a last-minute countertrend rally into the $17,000 price zone.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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