Cryptocurrencies Price Prediction: Bitcoin, Cardano & Ripple – European Wrap 18 December
|Bitcoin Price Forecast: BTC edges down ahead Fed decision
Bitcoin (BTC) price edges slightly down, trading around $104,100 ahead of the US Federal Reserve (Fed) decision on interest rates on Wednesday. Ki Young Ju, founder of CryptoQuant, highlights that BlackRock’s Bitcoin spot Exchange Traded Fund (ETF) nearly doubled the Asset Under Management (AUM) of its Gold ETF in under a year.
Altcoins Cardano and Avalanche poised for double-digit correction
Cardano (ADA) and Avalanche (AVAX) prices continue to trade down on Wednesday after correcting more than 7% and 8%, respectively, so far this week. The technical outlook and on-chain metrics for both altcoins suggest the continuation of the pullback.
Ripple's XRP struggles near $2.58 resistance as investors realize $1.5 billion in profits
Ripple (XRP) is up 3% on Wednesday after witnessing significant profit-taking among its investors following the launch of the RLUSD stablecoin. Whales have soaked up the selling pressure from profit-takers as XRP struggles near the $2.58 resistance level.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.