Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Tezos – European Wrap 11 July

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets await a greener start to the week

Bitcoin price is retracing to a stable support area which suggests a potential rally might be on its way. This development has also pushed Ethereum, Ripple and other altcoins down before the recovery bounce appears.

Will Dogecoin price take a hit as Twitter looks to sue Elon Musk

Dogecoin price shows a chance for reversal while one of the meme coin’s biggest proponents – Elon Musk – is likely to be stuck in a lawsuit.

Tezos set to collapse like a house of cards

Tezos (XTZ) price held some good cards over the weekend as a bullish triangle was underway with the monthly pivot at $1.66 and a technical moving average just above set for the taking. The bullish setup is vanishing as sentiment got a turn on Monday morning, with ASIA PAC in deep negative numbers as China has locked down a few big-city blocks in Shanghai, adding to more supply chain issues. Add that to the energy crunch in Europe and speculation on higher inflation in the US and you see the tone setting for a bear market where cryptocurrencies are the least favourite segment investors want to be in.

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.