Cryptocurrencies Price Prediction: Bitcoin, Quant & Crypto – European Wrap 9 September
|Bitcoin recovers slightly after testing key support at $54,000
Bitcoin (BTC) recovered slightly on Monday, extending the weekend’s recovery after prices bounced from key support at $54,000 on Friday. This slight recovery amid the mild increase in the Coinbase Premium Index during the weekend. However, the recovery could be short-lived as on-chain data continues to lean to the downside, as shown by falling daily active addresses and a negative OI-weighted funding Rate.
Quant price is poised for a rally as on-chain data and price action show a bullish outlook
Quant’s (QNT) price, the token of a London-based blockchain technology company dedicated to improving network interoperability, recently broke out of a falling wedge pattern, hinting at a potential rally. This bullish price action is supported by increasing open interest, a negative spike in exchange floor balance, rising daily active addresses, and a decreasing supply on exchanges, all of which indicate a potential rally for Quant’s price on the horizon.
Over $100 million in token unlocks could affect crypto this week
Data from TokenUnlocks show key token unlocks worth $115 million scheduled for this week. The top three are Aptos (APT), Starknet (STRK) and Xai (XAI), these account for $115.80 million in unlocks this week.
This week’s top three cliff token unlocks, where a project distributes tokens locked for investors, community or advisors on a fixed schedule, include APT, STRK and XAI. Data from Tokenunlocks show.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.