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Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Crypto.com – European Wrap 13 October

Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Crypto.com – European Wrap 13 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price flirts with $19,000 as US inflation could push BTC price to $17,600

Bitcoin (BTC) price slips almost 1% in early morning trading as overall markets are calm but anxious about the US inflation figures coming out later today. The risk at hand could be an upside surprise, as seen with the job numbers last month which would see a persistently strong dollar get even stronger. Increased dollar strength could choke Bitcoin bulls and squeeze them out of their positions with technical support set to catch any nosedive moves.

BTC/USD Daily chart

Dogecoin Price Prediction: The Truth about investing in DOGE

Dogecoin price has undone all the gains amassed since the second quarter of 2021. This massive U-turn comes as the crypto markets remain susceptible to sellers and changes in the traditional finance markets.

DOGE/USDT 1-day chart

Crypto.com price continues to drop despite making bullish fundamental strides

Crypto.com price shows little response to the fundamental developments that are surrounding the company. This lack of response can be attributed to the current market conditions, which are largely bearish and have been so for nearly a year. 

CRO/USDT 1-day 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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XRP holds bearish bias despite spot ETF inflows

XRP holds bearish bias despite spot ETF inflows

Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

The cryptocurrency market broadly corrects on Friday, as investors assess macro uncertainty and geopolitical tensions, which continue to escalate in the Middle East. Bitcoin (BTC) is trading below $64,000, down from the weekly high of $65,745. Altcoins such as Ethereum (ETH) and Ripple (XRP) are trading under increasing selling pressure below $1,900 and $1.10, respectively.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.