Cryptocurrencies Price Prediction: Ondo, Ethereum & Bitcoin – European Wrap 16 December

Ondo Price Forecast: Reaches new all-time high after purchase from Trump-backed DeFi project

Ondo (ONDO) price reaches a new all-time high of $2.14 on Monday after rallying more than 20% the previous week. On-chain data further support the Real World Asset (RWA) token’s bullish outlook, as it showed US President-elect Donald Trump-backed World Liberty Financial purchased 134,200 Ondo tokens and open interest reached record levels, suggesting a continuation of the ongoing rally.

Ondo’s weekly chart shows that it reached a new all-time high (ATH) of $2.14 on Monday after finding support at around the weekly level of $1.37 the previous week. Since early November, ONDO has been rallying for six straight weeks, resulting in over 200% gains.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC reaches new high while ETH and XRP stalls

Bitcoin (BTC) price reaches a new all-time high (ATH) of $106,648 on Monday. At the same time, Ethereum (ETH) eyes a rally if it can firmly close above $4,000, and Ripple (XRP) holds support at $1.96, with a breakdown signaling a possible decline.

Bitcoin price reaches a new all-time high (ATH) of $106,648, breaking its previous high of $104,684 on Monday. If BTC continues its upward momentum, it could extend the rally to test a new ATH of $119,510. This level aligns with the 141.4% Fibonacci extension line drawn from the November 4 low of $66,835 to the December 5 all-time high of $104,088.

Bitcoin breaks all-time high above $106,000, triggers nearly $120 million in liquidations

Bitcoin hit a record high above $106,000 on Monday, after recent developments on President-elect Donald Trump’s strategic Bitcoin reserve and demand from institutional traders. 

The Bitcoin fear and greed index, a gauge for the sentiment among traders reads 83, on a scale from 0 to 100, signaling “extreme greed” among traders. This is consistent with the sentiment last week and last month.