Cryptocurrencies Price Prediction: Bitcoin Cash, Ethereum & Ripple – European Wrap 13 April

FXStreet Team FXStreet

Bitcoin Cash Price: BCH/USD bulls strongly defend the 23.6% Fibo support

Bitcoin Cash is in the red on Easter Monday after sellers cut short last week’s momentum towards $300. A new April high was established at $281 and unfortunately marked the end of the halving rally. After the halving, Bitcoin Cash retreated under $250 support. Meanwhile, the price is trading at $226 and holding on to the support by the 23.6% Fibonacci retracement taken between the last swing high at $498.93 to a swing low at $136.71.

Ethereum Price Analysis: Bitfinex users are buying ETH, the rest are selling

At the time of writing, Ethereum (ETH) is changing hands at $153.00, down 2.5% on a day-to-day basis and 3.5% since the beginning Monday. The second-largest coin with the current market value of $16.9 billion has recovered from the intraday low of $149.84, however, the further upside seems to be limited at this stage.

Ripple Price Analysis: XRP/USD breaks below upside trendline

Ripple is the third-largest digital asset with the current market value of $8 billion and an average daily trading volume of $2.3 billion. At the time of writing, XRP/USD is changing hands at $0.1840, down 3% on a day-to-day basis and 3% since the beginning of the day. The coin is moving in sync with the market, which is controlled by short-term bearish sentiments.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks