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Cryptocurrencies Price Prediction: Bitcoin, Cardano , & Tron – Asian Wrap 20 Jul

Cryptocurrencies Price Prediction: Bitcoin, Cardano , & Tron – Asian Wrap 20 Jul
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC/USD triangle breakout eyes lift-off to $10,000

Bitcoin price drab trading action continues as we enter a new week. The weekend session was characterized by a minor bullish action with BTC/USD stepping above $9,200. Note that, the largest cryptocurrency dived to $9,050 towards the end of last week.

Cardano Price Analysis: ADA/USD looks to snap four-week winning streak

On the daily chart, the Relative Strength Index (RSI) is at its lowest level since late June near 60, suggesting that the bullish momentum continues to fade away. However, ADA/USD continues to trade above key daily moving averages.

Tron Price Analysis: TRX/USD open for consolidation after hitting a wall at $0.02

Tron has tried to join the altcoin frenzy in July where some tokens such as Tezos, Stellar and Chainlink have rallied exceptionally. In the first and second weeks of the month, TRX/USD surged from the key 38.2% Fibonacci retracement level support in June to highs of 0.0192.

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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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XRP consolidates as inflows and volume climb

XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.
Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.
South Korea crypto volumes shrink as retail investors shift to stocks

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Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.