Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Ethereum – European Wrap 17 October

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets hope for a better outcome amid multiplying hurdles

Bitcoin price shows a lack of volatility after the Consumer Price Index (CPI) announcement on October 13. The weekend was lackluster and did not produce any significant moves, however, the Asian session seems to be taking an interest in pushing BTC higher, which could result in Ethereum, Ripple and altcoins rallying.

Chainlink ready to break the internet, is CCIP a global open-source standard?

Chainlink is one of the top three altcoins according to proponents and analysts who evaluated the altcoin and its Cross Chain Interoperability Protocol (CCIP). Jon Melillo, a crypto analyst and trader revealed his bullish outlook on Chainlink.

Ethereum price action could jump in a calm week

Ethereum (ETH) price action has seen a strong recovery that started on Sunday after the dust settled following the events of last week. Additionally, a lack of big catalysing events on the data front this week suggests a window of calmness may open up for markets. During this time ETH price action will probably try to eke out some gains as markets turn their focus instead to quarterly earnings from Netflix, Goldman Sachs and Snap later this week.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.