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Cryptocurrencies Price Prediction: Bitcoin, Cardano & Ripple – European Wrap 18 December

Cryptocurrencies Price Prediction: Bitcoin, Cardano & Ripple – European Wrap 18 December
FXStreet TeamFXStreet TeamFXStreet

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.

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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.

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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.

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Top 3 Price Prediction: Bitcoin, Ethereum, Ripple extend correction as bearish momentum builds

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Bitcoin, Ethereum, and Ripple remain under pressure as the broader market continues its corrective phase into midweek. The weak price action of these top three cryptocurrencies by market capitalization suggests a deeper correction.

Ethereum Price Forecast: Active addresses plunge to May levels amid resumption in US selling pressure

Ethereum Price Forecast: Active addresses plunge to May levels amid resumption in US selling pressure

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.