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Cryptocurrencies Price Prediction: Binance Coin, Bitcoin and Ethereum – European Wrap 17 November

Cryptocurrencies Price Prediction: Binance Coin, Bitcoin and Ethereum – European Wrap 17 November
FXStreet TeamFXStreet TeamFXStreet

Can Binance Coin price prevent an 8% crash after securing FSP license in Abu Dhabi?

Binance Coin price initially enjoyed bullishness from its possible acquisition of FTX. However, as the talks broke down, BNB, along with the rest of the crypto market, crashed. The exchange token now needs a solid push which could be achieved if buying pressure increases, though the outlook looks rather bleak at the moment.

BNBUSD 8-hour chart

Can El Salvador save Bitcoin price from a brutal crash to $12,500?

Bitcoin price has been in a pickle since the start of 2022, be it the Terra-Luna debacle, Three Arrows Capital implosion or the latest collapse of the FTX exchange. Bullish news has been rare for the big crypto, or so we thought. 

BTC/USDT 1-day chart

Ethereum price paints ugly picture on chart of what is to come

Ethereum (ETH) price action has been in the crosshairs since Wednesday after claims that crypto platform Genesis blocked any payouts and repayments of funds. It might be the next domino in the wake of the FTX meltdown from last week.

ETH/USD daily chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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