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Cryptocurrencies Price Prediction: Trump, Cryptos & Bitcoin – American Wrap 22 August

The US is becoming a global hub for cryptocurrencies after Trump came to power 

The US is positioning itself as a potential global hub for cryptocurrencies under President Donald Trump. The rise of the US as a crypto powerhouse narrative comes amid the initiatives taken by Trump’s administration, such as the GENIUS Act, the Strategic Bitcoin Reserve, and the launch of Trump-backed ventures, as well as pro-crypto regulatory appointments, which reflect a policy shift aimed at boosting adoption and market confidence. To gain more insights into these developments, FXStreet interviewed experts on this matter.

December 2024: Key Appointments Signal Pro-Crypto Stance

Crypto Today: Bitcoin, XRP slip as supply in profit declines, Ethereum holds steady

Bitcoin (BTC) and Ripple (XRP) are at a crucial crossroads as the supply in profit declines and the technical outlook indicates increasing downside risk. Ethereum (ETH) remains steady, despite the risk of a broader market correction looming.

What next for ETH, XRP, SOL as Bitcoin stalls at $113K and ETF outflows mount

Bitcoin traded near $113,700 on Thursday, failing to hold above $115,000 as resistance from the 50-day moving average capped a rebound attempt.

 

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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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.