Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Crypto – European Wrap 20 September
|Bitcoin Weekly Forecast: Fed-led rally could have legs towards $65,000
Bitcoin (BTC) has risen 7% so far this week, supported by the US Federal Reserve (Fed) interest-rate cut and more than $300 million in ETFs inflows. The recent surge led BTC price to shatter several key technical resistance levels, a sign that the current two-week rally has likely some more way to go towards $65,000.
Ethereum, BNB and POL holders on the watch as BingX faces loss of $26 million in hack
Crypto exchange BingX said on Friday that it suffered a hack, an attack that led to “minimal” losses that researchers at PeckShield estimate at $26.68 million. The attacker swapped the stolen altcoins for Ethereum (ETH), Binance Coin (BNB) and Polygon (POL) tokens, according to on-chain data.
The crypto market's steady ascent
Active buying continues in the crypto market, with its total cap rising 3.2% in 24 hours to $2.21 trillion, reviving the fight to break the previous local high of $2.27 trillion a month ago. The local low in early September was above the previous low, and a break of the recent highs could provide fresh buying momentum and signal a break in the multi-month downtrend.
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