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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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Bitcoin Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers

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Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin (BTC) extends its correction, falling more than 8% and hitting an intraday low of $67,568 on Friday. Despite oversold technical signals, selling pressure continues to intensify, with persistent Exchange Traded Funds (ETFs) outflows, leveraged liquidations and weakening risk appetite weighing on the Crypto King outlook.