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Bitcoin Price Forecast: Strong ETF demand supports BTC as elevated Fed hike bets cap upside
Bitcoin (BTC) trades near $79,500 at the time of writing on Monday, consolidating near the recent highs after gaining more than 3.4% last week. Strong institutional demand continues to support BTC, with US-listed spot Bitcoin Exchange Traded Funds (ETFs) recording nearly $1 billion in net inflows for the third straight week. However, rising geopolitical tensions between the US and Iran, coupled with a resilient US labor market, keep Federal Reserve (Fed) tightening expectations elevated and could weigh on BTC.
Pi Network Price Forecast: PI struggles despite Core Team expanding developer capabilities
Pi Network (PI) hovers around a key resistance level, struggling to advance its 5% gains from last week. Pi Core Team released new functionalities for developers alongside new documentation, pushing its ecosystem’s utilities. The technical outlook for PI shows a downside risk as momentum wanes.
Crypto Today: Bitcoin, <a href="https://xpertsstudio.com/ethereum-price-at-a-turning-point/” title=”Ethereum Price at a Turning Point”>Ethereum, XRP falter despite steady spot ETF inflows
Cryptocurrency prices are facing a broad correction on Monday, following failed attempts to break through key resistance levels. Bitcoin (BTC) is retreating toward $79,000 at the time of writing, pressured by ongoing profit-taking and persistent macroeconomic headwinds.
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