Bitcoin price is waiting for the trigger as it is hovering between $43,000 and $45,000. Whale trades on the network exceeding $1 million have peaked in the past three days, fueling a bullish outlook among investors.
Top 3 Bitcoin, Ethereum, Ripple Price Predictions: Sentiment Shifts As US Seeks To Regulate Cryptos
Cryptocurrencies are facing headwinds – while enjoying more inflows of late as locals in Ukraine and Russia have reverted to cryptocurrencies as an alternative means of payment to avoid sanctions – there are signs that this loophole will soon be closed. During Biden’s State of the Union address, the president called for a cryptocurrency crackdown to close the escape route for wealthy Russians. Fed Chairman Powell added fuel to the fire by saying he would welcome new regulations to better monitor and control cryptocurrencies. The upshot is that these comments have sparked some jitters across all major cryptocurrency pairs.
Axie Infinity Weakens, AXS May Return to $45
A brief technical and chain analysis on the Axie Infinity price. Here, FXStreet analysts assess where AXS might be heading next. Please subscribe to our Youtube channelFollow us on twitter @FXScrypto and join our telegram channel.