Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum Classic – European Wrap 2 June


Bitcoin Price prediction: BTC/USD holds above $10,000 ahead of another breakout

Bitcoin price shot above $10,000 for the first time since the first week of May. A day before halving, Bitcoin dumped massively to levels close to $8,000. Recovery had been lethargic in the last two weeks, with resistance first at $9,000 and later at $9,700. However, Monday’s breakout above $10,000 paved the way for a flash rally to $10,410 (June highs). In the last 12 hours, Bitcoin has retreated but defended the ground above $10,000.

 

BTC/USD price chart

Ripple Chart Analysis: XRP/USD to target at daily SMA200, if $0.2100 holds

Ripple’s XRP settled above $0.2100 amid strong bullish momentum on the cryptocurrency market. At the time of writing, XRP/USD is changing hands at $0.2111. The coin has gained over 3% on a day-to-day basis and stayed unchanged since the beginning of the day, moving within a short-term bearish trend amid expanding volatility. The intraday high is registered at $0.2121, while the current intraday low is $0.2112. Ripple is now the third-largest cryptocurrency in the global cryptocurrency rating with the market capitalization of $9.3 billion and an average daily trading volume of $1.7 billion. 

 

XRP/USD

Ethereum Classic Update: ETC/USD has a potential to reach $8.00 if move above $7.00 is sustained

ETC discovered a bug that led to desynchronization of Parity Ethereum with ETC blockchain. The team has released a hotfix and asks all OpenEthereum node operators using this software to update to the latest version. The owners of Core-geth nodes were not affected.


ETC/USD


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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin extends correction below the $60,000 level

Bitcoin extends correction below the $60,000 level

Bitcoin extends correction and erases Friday’s gains after being unable to hold above the psychologically important $60,000 level over the weekend. Since Saturday’s opening, BTC erased nearly 3% of its value and trades near $58,500 at the time of writing on Monday. 

More Bitcoin News
PEPE slides as whales lose interest, traders engage in profit-taking

PEPE slides as whales lose interest, traders engage in profit-taking

PEPE (PEPE) posts losses for a third consecutive session on Monday as on-chain metrics show a sharp decline in large-volume transactions from whales and a spike in profit-taking in the last six days.

More PEPE News
European crypto fund founder calls Tether $118 billion scam

European crypto fund founder calls Tether $118 billion scam

Founder of Cyber Capital, Europe’s oldest crypto fund, criticized Tether for their reserves and said there has been no audit since 2021. In a tweet thread on X, Justin Bons supports his stance on the stablecoin firm with statistics. 

More Cryptocurrencies News
XRP re-listing on Robinhood could fuel double-digit price rally, push XRP to $0.66

XRP re-listing on Robinhood could fuel double-digit price rally, push XRP to $0.66

Ripple (XRP) is back on the commission-free exchange Robinhood per the official website of the platform. Users can currently watch XRP price chart, the altcoin is yet to be listed for trading. 

More Ripple News
Bitcoin: On the road to $60,000

Bitcoin: On the road to $60,000

Bitcoin price retested and bounced off from the daily support level of $56,000 this week. US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday and on-chain data supports a bullish outlook.

Read full analysis
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

BTC

ETH

XRP