fxs_header_sponsor_anchor

Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Ripple – European Wrap 16 July

Bitcoin Price Prediction: the risks of BTC/USD collapse below $9,000 are growing  — Bitcoin confluence

Bitcoin (BTC) tested the intraday low of $9,076 amid massive sell-off on the cryptocurrency market and recovered to $9,1120 by press time. The first digital coin has been drifting lower since the start of the day amid global sell-off on the cryptocurrency market. Currently, BTC/USD is moving within a short-term bearish trend, the volatility is high.

Ethereum Price Analysis: ETH/USD may face $200.00 amid growing bearish sentiments

Ethereum (ETH) experienced a sharp sell-off to the intraday low of $229.78 and recovered to $230.80 by press time. The coin has entered a recovery mode; however it is still vulnerable to a new shell-off below $230.00 as the bearish pressure remains strong. ETH, the second-largest digital asset with the current market capitalization of $26.06 billion, has lost over 2.6% since the start of the day and 2.75% on a day-to-day basis.

 

Ripple Price Analysis: XRP/USD bears threaten $0.1900 as the market deep in red

Ripple's XRP is down 3% since the start of the day. The coin has resumed the decline after a prolonged period of range-bound trading in a narrow channel with the lower boundary created by the daily SMA100. At the time of writing, XRP/USD is changing hands at $0.1911 moving within a short-term bearish trend.

 

 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.