|

Cryptocurrencies Price Prediction: Bitcoin Cash, Cardano and Ethereum Classic – European Wrap 10 July

Bitcoin Cash Price Update: BCH/USD in retreat after gaining 7% in a matter of minutes

Bitcoin Cash (BCH) is still in a red zone on a day-to-day basis; however, the coin recovered strongly from the intraday low of $232.60 and hit $240.00 in a matter of minutes. At the time of writing, BCH/USD is changing hands at $237.00. Despite the retreat, the short-term trend is still bullish, while the volatility is expanding. Bitcoin Cash is the fifth-largest digital asset with the current market capitalization of $4.4 billion. An average daily trading volume is registered at $1.22 billion. Read more ...

BCH/USD

Cardano Price Forecast: ADA/USD rally ends in bloodshed, will $0.10 hold?

Cardano is retreating fast from the recently traded two-year high. The cryptoasset has been on an upward roll since June with the formidable gains attributed to the launch of the new Shelly mainnet. In addition to that, Coinbase custody announced the support for ADA. Read more ...

ADA/USD price chart

Ethereum Classic Price Analysis: ETC/USD buyers pop in on approach to daily SMA100

Ethereum Classic (ETC) has lost nearly 4% since the start of the day and 4.5% in the recent 24 hours to trade at $6.38 by the time of writing. The coin takes the 22d place in the global cryptocurrency rating, while its market value is registered at $743 million; an average daily trading volume exceeds $780 million. ETC/USD has recovered from the intraday low of $6.29. Now it is moving within the short-term bullish trend amid expanding volatility. Read more ...

ETC/USD

Author

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.

More from FXStreet Team
Share:

Editor's Picks

XRP holds bearish bias despite spot ETF inflows
Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows
The cryptocurrency market broadly corrects on Friday, as investors assess macro uncertainty and geopolitical tensions, which continue to escalate in the Middle East. Bitcoin (BTC) is trading below $64,000, down from the weekly high of $65,745. Altcoins such as Ethereum (ETH) and Ripple (XRP) are trading under increasing selling pressure below $1,900 and $1.10, respectively.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships
The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
Bitcoin Weekly Forecast: Bulls hold the line
Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.
Bitcoin: Bulls hold the line
Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.