Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears overpower hopeful bulls, here’s what to expect next
Bitcoin price produced a steep correction after collecting the liquidity resting above Monday’s highs. Ethereum and Ripple also took massive hits as they accompanied BTC in its descent.
Tezos price at inflection point, as XTZ decides between a 16% rally and 13% crash
Tezos price has seen a massive sell-off over the last 24 hours, and the reason can be attributed to Bitcoin bears influencing the whole crypto market. Like XTZ, many altcoins have suffered a similar fate and now find themselves at crossroads – will they fall further or find their feet and attempt a recovery rally?
Ripple price slides as XRP traders get a harsh lesson on economics
Ripple (XRP) price was a textbook example on Tuesday of what can happen with a rally when traders try to pre-position and are convinced that a specific economic number will hold a surprise that only bring more profit to their trade. Of course, every economic data point that comes out holds a certain risk, especially if that data point is US inflation, which has been the keyword for most of 2022. The rise in inflation has poured cold water on long-positions and washed them out, with XRP price back below $0.3500, and more pain to come.
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Avalanche rallies following launch of incentive program for developers
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Ethereum could retest $2,707 resistance following increasing ETF inflows and uptrend in funding rates
Ethereum traded around $2,640 on Thursday, up more than 2% following increased bullish bias among investors, as evidenced by ETH ETF net inflows and an uptrend in funding rates. However, investors may be wary of a potential correction from ETH's rising exchange reserve.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
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