Cryptocurrencies Price Prediction: Crypto.com, Bitcoin and Ethereum – European Wrap 24 February
|Cronos price could get washed away as bulls cling to Goldilocks outlook toward $0.10
Cronos (CRO) price is set to face some short-term headwinds as markets enter a very difficult phase for 2023. After roughly two months into this new year, it is becoming clear that markets remain eager to stay positive and push risk assets up to higher heights. In comparison, central banks are pushing against risk assets to limit the risk of inflation taking off again.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Traders sweat as PCE numbers could bear upbeat surprise
Bitcoin price, Ethereum and other cryptocurrencies are gearing up for a significant economic data point out of the US this Friday. The Personal Consumption Expenditures index or PCE is the preferred instrument from the Fed to measure the underlying inflation in the US. After an upbeat surprise out of Europe this week, where final inflation numbers were revised higher, the US PCE could also reveal an uptick.
Ethereum price hints at pullback as centralization risks are likely to emerge after Shanghai upgrade goes live
Ethereum (ETH) price shows a lack of bullish momentum after its new rally formed a local top. This exhaustion led to a minor retracement that caused ETH to flip a recently formed support level into a resistance barrier. Going forward, investors need to exercise caution to not get caught in the choppy price action.
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.