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Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Uniswap – European Wrap 17 November

op 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin welcoming $17,000, crypto bull market at the threshold

The cryptocurrency market continues to have an exciting week, with Bitcoin closing in on $17,000. According to CoinMarketCap, most of the cryptocurrencies have made a positive gain aggregate over the last seven days. Bitcoin is likely to rally a bit more, carrying the entire market upwards before a considerable correction comes into the picture. Read more...

BTC/USD price chart

Chainlink Price Forecast: LINK eyes massive rebound to $18 as on-chain metrics flip bullish

Chainlink lost nearly 65% of its value from the peak reached in August. Following the support at $7.2 in September, LINK/USD has rebounded to trade above $13 but has failed to overcome the seller congestion at $14. Read more...

LINK/USD price chart

Uniswap’s liquidity plummets 50% and UNI price may follow

The largest decentralized cryptocurrency exchange Uniswap lost its leadership. According to DeFi Pulse, the platform now takes third place with the total value locked (TVL) of $1.6 billion. Users drained nearly half of Uniswap's liquidity in less than 24 hours as the liquidity mining reward program is set to expire shortly, on November 17 at 12.00 UTC. Read more...

UNI/USD, 12-hour chart

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs. 

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000. 

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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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.