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Cryptocurrencies Price Prediction: Bitcoin, Cardano & Ripple – European Wrap 18 December

Bitcoin Price Forecast: BTC edges down ahead Fed decision

Bitcoin (BTC) price edges slightly down, trading around $104,100 ahead of the US Federal Reserve (Fed) decision on interest rates on Wednesday. Ki Young Ju, founder of CryptoQuant, highlights that BlackRock’s Bitcoin spot Exchange Traded Fund (ETF) nearly doubled the Asset Under Management (AUM) of its Gold ETF in under a year.

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Altcoins Cardano and Avalanche poised for double-digit correction

Cardano (ADA) and Avalanche (AVAX) prices continue to trade down on Wednesday after correcting more than 7% and 8%, respectively, so far this week. The technical outlook and on-chain metrics for both altcoins suggest the continuation of the pullback.

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Ripple's XRP struggles near $2.58 resistance as investors realize $1.5 billion in profits

Ripple (XRP) is up 3% on Wednesday after witnessing significant profit-taking among its investors following the launch of the RLUSD stablecoin. Whales have soaked up the selling pressure from profit-takers as XRP struggles near the $2.58 resistance level.

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