Cryptocurrencies price prediction: Bitcoin, Ripple & Cardano – European Wrap – 21 February
|Bitcoin hovers around $9,700 ahead of massive bull's run
Bitcoin has attempted recovery from the recent slump and climbed marginally above $9,700. At the time of writing, BTC/USD is changing hands at $9,705 with short-term bullish bias amid low volatility market. Bitcoin has stayed mostly unchanged in recent 24 hours and since the beginning of Friday. The market share of the first digital asset edged higher to 62.8%.
Ripple Price Weekly Forecast: XRP/USD road to $0.35 mapped
As the week grinds toa halt, cryptocurrencies are rolling in a positive direction. The positive resonation comes after a couple of days that saw bulls paralyzed in the cryptocurrency market. Both the Asian and European sessions on Friday have been characterized by broad-based gains. All the top three cryptocurrencies Bitcoin Ethereum and Ripple are trading significantly higher than the weekly lows. Bitcoin price is doddering at $9,690 after resuming the uptrend from the previous low at $9,300. Ethereum has stepped closer to the resistance at $265 but adjusted to $260.
Cardano launched hardfork OBFT; ADA/USD extends the recovery
Cardano (ADA), now the 11th largest digital asset with the current market value of $1.5 billion, has gained 2.7% in recent 24 hours to trade at $0.0590 at the time of writing. ADA/USD hit the recent bottom at $0.0551 on Thursday amid major sell-off on the cryptocurrency market.
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