Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple — Asian Wrap March 20
|Bitcoin price to take a breather as midsize US banks request Fed to insure deposits for two years
Bitcoin price has experienced a quick rally after dipping into the weekly inefficiency to the downside. As a result, the second leg of the uptrend began in March, pushing BTC to nine-month highs and another inefficiency to the upside. However, the big crypto seems to be developing a divergence on the three-day chart, which could be an opportunity to accumulate or sell-signal for bears. But as the banking crisis deepens, this move could affect the BTC’s next move.
Whale moves $33 million worth of ETH to Binance in one go: What this means for Ethereum price
Ethereum price (ETH) earned a significant price gain on March 18 when it broke beyond the $1,800 level. However, recent market data shows that a significant chunk of ETH was transferred to the Binance exchange at 1:30 AM ET, casting doubts on a possible sale happening. The transfer resulted in the largest altcoin by market cap losing part of its market value.
What Ripple holders can expect next week as XRP price coils up for explosive move to this level
XRP price shows a clear struggle between the buyers and sellers or the lack thereof. As a result, the remittance token has been in a multi-month consolidation. Additionally, the relisting of Ripple on the US-based crypto exchange Coinbase, as mentioned by Paul Grewal, the platform’s Chief Legal Officer, adds credibility to the bullish thesis.
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