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Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Ripple – European Wrap 23 December

Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Ripple – European Wrap 23 December
FXStreet TeamFXStreet TeamFXStreet

BTC recovery at risk, XRP bulls lose hope

The cryptocurrency market has been in recovery mode recently. Bitcoin got back above $23,000 and ever re-tested $24,000 during early Asian hours on Wednesday. ETH also managed to recover and settle above the critical resistance zone of $600-610. Some smaller altcoins experienced double-digit gains, and some of them refreshed all-time highs. Synthetix outperformed the market with over 35% gains. XRP crashed following the news that SEC filed a lawsuit against Ripple and its top executives.  Read more...

BTC, 3-day chart

Chainlink Price Analysis: LINK ready for 30% price increase if this support holds

Chainlink topped at $14.56 on December 17 and started the downside correction within the long-term bullish trend. By the time of writing, LINK retreated to $11.86. The coin has lost over 2% on a day-to-day basis and nearly 6% on a weekly basis. Read more...

LINK, daily chart

Ripple crashes below critical support as SEC files a lawsuit against Ripple

XRP dropped to the intraday low of $0.33 during early Asian hours amid news that the U.S. Securities and Exchange Commission (SEC) has officially filed a lawsuit against Ripple and its executives. Read more...

XRP, daily chart

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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.

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Crypto Today: Bitcoin, Ethereum, XRP trim breakout gains as focus shifts to Fed decision

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Ondo Price Forecast: Multiple trendline rejections, fading bullish momentum warn of a steeper correction

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Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.