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Cryptocurrencies Price Prediction: Bitcoin Cash, Ripple and Ethereum Classic – European Wrap 6 August

Cryptocurrencies Price Prediction: Bitcoin Cash, Ripple and Ethereum Classic – European Wrap 6 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Cash Price Analysis: BCH/USD stalls under $300 as consolidation takes precedence

Bitcoin Cash recently broke above the resistance at $250 which gave the price a boost past $300. A five-months high was traded at $340, marking the end of the rally commenced mid-July. BCH/USD retreated under $300 dealing on being dealt a blow by the descending trendline resistance. Read more ...

BCH/USD

Ripple Price Forecast: XRP/USD building gains above $0.30

After rising to $0.3278 on August 2, Ripple embarked on a gain-trimming exercise to the extent of refreshing lower levels at $0.24. Although there were several recovery missions, none made it above $0.32. For some time this week, price actions were limited under $0.30 except for the shallow spike above $0.30 on Wednesday. Read more ...

XRP/USD price chart

Ethereum Classic Market Update: ETC/USD under pressure following 51% attack

Ethereum Classic (ETC) attempted a recovery to $7.35 on Wednesday, but failed to hold the ground and dropped below $7.00 in a matter of minutes. By the time of writing, ETC has recovered to retreated to $7.10. The coin dropped below has lost nearly 2% since the start of the day, however, it is still above the critical $7,00, which is a positive signal for the bulls. Ethereum Classic take the 25th place in the global cryptocurrency market rating with the current capitalization of $824 million. Read more ...

ETC/USD

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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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Ripple tumbles as sell-side pressure intensifies

Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.