Cryptocurrencies Price Prediction: Bitcoin, Ankr & Arbitrum — Asian Wrap 08 March

FXStreet Team FXStreet

Bitcoin price approaches $70K as BTC holders demonstrate steadfast optimism

Bitcoin (BTC) price is edging north, recording higher highs since the onset of the week. The outlook, from a technical standpoint, points to a continuation of the intermediate trend, with a Bitget executive lauding BTC holders for their show of optimism and confidence.

ANKR price soars 40% over reports of Ankr execs to attend NVIDIA GTC 2024 Conference, AI narrative still on

AI crypto coin enthusiasts still have their eyes peeled to the March 18-21 event in Silicon Valley, where Nvidia will hold the largest conference in its history, christened NVIDIA GTC24 Conference.

Arbitrum price readies to explode 12% if Ethereum nicks $4,000

Arbitrum (ARB) price s trading with a bullish bias, but continues to consolidate within a range. The upside potential for the Ethereum Layer 2 (L2) token could be reinvigorated once ETH price nicks the $4,000 psychological level, with ARB likely to benefit from the ensuing liquidity overflows into ETH betas.

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Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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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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