|

Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin – European Wrap – 6 February

Bitcoin Price Analysis: BTC/USD lifts off to $10,000, why intense resistance anticipated?

Bitcoin woke up from its slump towards the end of last week as well as the beginning of this week. On the downside, Bitcoin tested $9,050 support. However, the buyers waiting to enter this zone pulled Bitcoin initially above $9,300. The bulls, confident in the recovery potential, blasted Bitcoin through the next resistances to the extent of testing $9,800.


Bitcoin

Ripple Price Analysis: XRP/USD has outperformed Bitcoin reckons Mike Novograt

Ripple is back in the limelight following last year’s downtrend from the high at $0.5 achieved in June. From the low traded in December at $0.1750 marked the beginning of the ongoing bullish action. Ripple has performed incredibly well in January as well as the first week of February. The gains this week, particularly have seen XRP close in on $0.30.

Ripple

EOS Price Analysis: EOS/USD breaks free from the range; $5.00 on radars

EOS, now the 8th largest digital asset with the current market value of $4.2 billion, has gained over 8% in recent 24 hours to trade at $4.57 by press time. The coin has been doing well recently, inspired by the general recovery on the global cryptocurrency market. EOS/USD has grown by nearly 80% since the beginning of the year, benefitting from the bullish sentiments.

EOS

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin (BTC) treasury and financial intelligence firm Strategy expanded its holdings following another round of weekly accumulation.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.