Cryptocurrencies Price Prediction: Bitcoin, Ethereum & LUNA – American Wrap 7 February

FXStreet Team FXStreet

Bitcoin price unmoved despite Thailand making BTC, crypto trading VAT-free

Bitcoin (BTC) price has not shown any directional bias since the close of January and continues meandering around a certain Simple Moving Average (SMA). As investors impatiently look for possible entries, reports indicate that Thailand, like Dubai, is making moves to draw in BTC traders.

Ethereum price poised for gains as Dencun upgrade goes live on the testnet

Ethereum’s second most important upgrade after the Merge is the Dencun upgrade. This packs in EIP-4844, an Ethereum Improvement Proposal, to reduce transaction costs for Layer 2 chains.

ETH price is $2,371 on Wednesday, with the altcoin rallying nearly 2% in the past week.

LUNA teases arrival of Cosmos-based protocol Alliance’s assets on Terra

Terra dropped details of an open-source Cosmos-chain-based module Alliance in its recent tweet on X (formerly Twitter). Alliance powers mutually beneficial relationships between blockchains and traders can stake Alliance assets to earn rewards using their Terra station wallets.

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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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