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Cryptocurrencies Price Prediction: Bitcoin, Terra and Ethereum – European Wrap 19 August

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC retraces temporarily, taking major altcoins with it

Bitcoin price has slid deep into the newly formed demand zone where it is searching out stable ground for a trend reversal. This move has pushed many but not all altcoins into a momentary downtrend. Investors can expect this descent to transform into an upswing soon.

BTC/USDT 1-day chart

Terra Price Prediction: LUNA might be staring at a 30% correction

Terra (LUNA) price has been on a tear as it more than doubled over the past week. While this ascent is impressive, a correction should be around the corner as investors rush to book profits.

LUNA/USDT 1-day chart

Ethereum Price Prediction: ETH prepares for dip to $2,800

Ethereum price is retracing from following its explosive rally that witnessed ETH surge by over 95% from the July 20 low. The second-largest cryptocurrency by market capitalization is now consolidating as volume gradually subsides.  

ETHUSDT

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Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

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Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

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Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.