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Cryptocurrencies Price Prediction: Bitcoin, Cryptos & UniSwap – American Wrap 19 May

Cryptocurrencies Price Prediction: Bitcoin, Cryptos & UniSwap – American Wrap 19 May
FXStreet TeamFXStreet TeamFXStreet

Fed Chair Powell says interest rates may not rise too much; Bitcoin price whiplashes around $27,000

The Federal Reserve chair Jerome Powell during his speech at the "Perspectives on Monetary Policy" panel before the Thomas Laubach Research Conference on May 19, shared his opinion on what is expected from the Fed going forward.
Interest rate hike probability
Bitcoin and Litecoin blockchains witnessed a massive spike in activity from the launch of BRC-20 and LRC-20 tokens. A similar rise in activity was observed on Dogecoin, resulting in blocks at near full capacity.
Top five meme coins in the category

Uniswap (UNI) price is a bit of an outlier in terms of patterns against its competitors. Where, for example, Cronos is not showing any tangible signs of a rally, UNI is defining a nice bullish triangle that could bring at least a 5% gain alongside it. With great respect for the ascending trendline, bulls know what to do in order to scoop up those profits.

UNI/USD  4H-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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Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
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Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.
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