Cryptocurrencies Price Prediction: Bitcoin, SPX & Crypto – European Wrap 21 October
|Uptober unravels for Bitcoin as institutional demand cools and whale sells
Bitcoin is falling below 108k, sharply reversing after the weekend’s rebound and recovery to 111k ran out of steam. Major altcoins are also trading lower, with Ethereum falling 3% to 3865 and XRP dropping 4.5% to 240. The total cryptocurrency market capitalisation has fallen 3% over the past 24 hours to $3.65 trillion.
SPX6900 Price Forecast: SPX bears take control, signaling further downside
SPX6900 (SPX) price slides down by nearly 5%, trading around $0.98 at the time of writing on Tuesday after facing rejection from a previously broken trendline. The derivatives data projects a bearish sentiment, with SPX’s Open Interest (OI) falling and bearish bets rising among traders. The technical side further supports a bearish outlook, suggesting that SPX6900 could extend its decline toward the $0.81 level in the upcoming days.
Crypto Today: Bitcoin, Ethereum, XRP edge lower as investors reduce risk exposure
Bitcoin (BTC) declines alongside altcoin majors Ethereum (ETH) and Ripple (XRP) on Tuesday, as global markets, including cryptocurrency, struggle amid sticky macroeconomic uncertainty, geopolitical tensions and the impact of the prolonged United States (US) government shutdown.
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.