Cryptocurrencies Price Prediction: Bitcoin, Ripple and Cardano – European Wrap 15 July
|Bitcoin Market Update: BTC/USD snoozes in a range as old coins set in motion
Bitcoin (BTC), the largest digital asset with the current market value of $169.9 billion, is hovering around $9,200 since the beginning of the week. BTC/USD touched the intraday high at $9,273 during early Asian hours and retreated to $9,220 by press time. The coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Wednesday amid a high sense of uncertainty.
Ripple Price Analysis: XRP/USD short-term bulls may lose hope if daily SMA gives in
Ripple's XRP is changing hands at $0.1973. The fourth-largest digital coin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Wednesday after a sharp sell-off below the psychological $0.2000. XRP has the current market value of $8.7 billion and an average daily trading volume of $1.1 billion. XRP hit the recovery high at $0.2117 on July 9 and has been drifting lower ever since.
Cardano Price Analysis: ADA/USD drops below $0.1300, loses 1% in a matter of minutes
Cardano (ADA) lost over 1% of its value in a matter of minutes and the downside momentum is gaining traction. The coin broke below the local channel support of $0.1300 and tested $0.1279 amid growing bearish pressure. At the time of writing, ADA/USD is changing hands at %0.1282. The coin has lost over 2.6% since the start of the day, though it is still in the green zone on a day-to-day basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.