Cryptocurrencies Price Prediction: Terra Classic, Solana & Binance Coin — Asian Wrap 24 May

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Terra Classic price spikes 2.5% after KuCoin increased LUNC burn tax

Terra Classic (LUNC) price is up 2.5% in the last 24 hours, a newly found bullishness after the implementation of KuCoin exchange’s move to increase LUNC burn tax to 0.5% following the approval of a major proposal.

Solana price rises after ChatGPT integration; Rally for AI-tokens may not be far away

Artificial Intelligence (AI) has become a big focus of not only developers but also traders since the ChatGPT-induced AI hype took over the crypto market for a while. As AI-affiliated tokens began rallying, many assumed that this might be the next big thing for crypto, but the case may not be so.

BNB price recovery rally threatened as Binance trustworthiness is questioned

Binance Coin (BNB) price, which had kick-started a promising recovery rally, has been impeded by a new bearish development in the Binance ecosystem. According to a Reuters report, the largest exchange by trading volume faces charges of breaching US financial rules requiring customer money to be kept separate.

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FXStreet Team

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CLARITY Act approval odds sink fast ahead of Congressional hearing

The US House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Crypto Today: Bitcoin, Ethereum, XRP give back gains as tit-for-tat US-Iran strikes persist

Bitcoin has corrected by more than 1% on the day, trading below $63,000. This is part of a larger retracement from its weekly high of $65,600. Ethereum and Ripple similarly reflect overall pressure, with ETH falling toward the short-term $1,800 support and XRP hovering below the pivotal $1.10 level.

Dogecoin nears yearly low as bearish bias grows

Dogecoin extends its decline on Friday, trading near its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network (PI) shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.