Cryptocurrencies Price Prediction: Stacks, Bitcoin & Ripple — Asian Wrap 25 April

FXStreet Team FXStreet

Stacks price eyes $1 amid growing interest in Bitcoin layer-2 protocols' DeFi ecosystems

Stacks (STX) price rises, hitting a new weekly high at $0.90 during the Asian session on Friday. The Bitcoin layer-2 protocol shows bullish resilience, trading at $0.88 at the time of writing, reflecting growing institutional interest in the decentralized finance (DeFi) ecosystem. STX's breakout appears strong enough to sustain the uptrend, targeting highs above $1.00 in the coming days.

Bitcoin's surge to $94,000 shows a mix of macro optimism and shifting investor sentiment: Glassnode

Bitcoin (BTC) traded above $93,000 on Thursday as rumors of US-China tariff easing stirred a rebound in price, sending the percentage of supply in profit at current price levels to 87.3%, 5% above 82.7% recorded in March, according to Glassnode data. The Short-term Holders (STH) Profit/Loss Ratio also rose to neutral levels at 1.0, indicating that the market has slightly moved from bearish territory to safer grounds.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, and XRP to consolidate strong weekly gains

XRP price failed to close above the daily resistance level at $2.23 on Wednesday and declined slightly the next day. This daily level coincided with the 50-day Exponential Moving Average at $2.19, making it a key resistance zone. At the time of writing on Friday, XRP is trading down at around $2.17.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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