Cryptocurrencies Price Prediction: Ethereum, Solana & Bitcoin – European Wrap 2 April
Ethereum bears dominate as Vitalik Buterin outlines the next steps for the largest altcoin
Ethereum's (ETH) price reached a low of $3,362 on Tuesday after a decline in Bitcoin sent a large part of the crypto market into the red zone. ETH started the second quarter in the red, although historical data suggests that Q2 has been an averagely good month for the largest altcoin. Meanwhile, Vitalik Buterin's post explaining how The Purge could boost Ethereum's decentralization could also indicate long-term growth.
Solana leads altcoin pack with $6.1 million in inflows from institutional investors
Solana’s (SOL) price falls sharply on Tuesday, influenced by the steep decline in Bitcoin prices, even though the altcoin registered $6.1 million in inflows from institutional investors last week. While the recent meme coin frenzy may have benefited Solana and attracted capital last week, a recent drop in on-chain activity and a slowdown in inflows could be behind the recent price decline.
US Dollar strength could be one of the reasons why Bitcoin could crash more
The US Dollar’s strength is one of the reasons why Bitcoin (BTC) is showing weakness. A spike in buying pressure for the Greeback suggests that the market is risk-off, which could result in a negative impact on risky assets like stocks or cryptocurrencies such as Bitcoin.
Author
FXStreet Team
FXStreet
