Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum Classic – European Wrap 2 June
|Bitcoin Price prediction: BTC/USD holds above $10,000 ahead of another breakout
Bitcoin price shot above $10,000 for the first time since the first week of May. A day before halving, Bitcoin dumped massively to levels close to $8,000. Recovery had been lethargic in the last two weeks, with resistance first at $9,000 and later at $9,700. However, Monday’s breakout above $10,000 paved the way for a flash rally to $10,410 (June highs). In the last 12 hours, Bitcoin has retreated but defended the ground above $10,000.
Ripple Chart Analysis: XRP/USD to target at daily SMA200, if $0.2100 holds
Ripple’s XRP settled above $0.2100 amid strong bullish momentum on the cryptocurrency market. At the time of writing, XRP/USD is changing hands at $0.2111. The coin has gained over 3% on a day-to-day basis and stayed unchanged since the beginning of the day, moving within a short-term bearish trend amid expanding volatility. The intraday high is registered at $0.2121, while the current intraday low is $0.2112. Ripple is now the third-largest cryptocurrency in the global cryptocurrency rating with the market capitalization of $9.3 billion and an average daily trading volume of $1.7 billion.
Ethereum Classic Update: ETC/USD has a potential to reach $8.00 if move above $7.00 is sustained
ETC discovered a bug that led to desynchronization of Parity Ethereum with ETC blockchain. The team has released a hotfix and asks all OpenEthereum node operators using this software to update to the latest version. The owners of Core-geth nodes were not affected.
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