TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Bitcoin Cash, Ripple & Cardano – European Wrap 12 May

Cryptocurrencies Price Prediction: Bitcoin Cash, Ripple & Cardano – European Wrap 12 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Cash Price Analysis: BCH/USD held back by critical resistance at $240

Among the major coins, Bitcoin Cash is the only one still in the red. The European session is characterized by increased volatility. Bitcoin (BTC) is up 1.53% to trade at $8,692 while Ethereum is trading at $188 (up 1.5%) and Ripple trading at $0.1950 (up 1.14%). BCH/USD, on the other hand, has subtle a subtle 0.22% of its value on the day.

BCH/USD price chart

Ripple Price Analysis: XRP/USD confined to a tight range

Ripple’s XRP has been sitting inside a tight range after the recovery from the recent sell-off. The third-largest digital coin is changing hands at $0.1960, mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. Ripple’s market capitalization is $8.67 billion, while an average daily trading volume is $2.5 billion. 

Cardano Price Analysis: ADA/USD beats the market with 8% gains

Cardano (ADA) is the 11th largest digital asset with the current market value of $1.3 billion, The coin has gained over 8% in the recent 24 hours to become one of the best-performing digital assets out of top-20. At the time of writing, ADA/USD is changing hands at $0.0503, having recovered from the recent low of $0.0427 hit in April 10 amid major sell-off on the cryptocurrency market.


Author

FXStreet Team

More from FXStreet Team
Share:

Markets move fast. We move first.

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

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP edges lower despite record on-chain activity and steady ETF inflows

XRP edges lower despite record on-chain activity and steady ETF inflows

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence. 

Cardano builds recovery momentum as sentiment improves

Cardano builds recovery momentum as sentiment improves

Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.

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

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: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.