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Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Binance Coin – European Wrap 19 September

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Desperate bulls face the axe as BTC pukes before $25,000

Bitcoin price has single-handedly crashed the entire crypto market as it tumbled below a crucial support level. As of this writing, BTC is still yet to find a stable support level and hatch a recovery plan. Altcoins, including Ethereum and Ripple, are already working on bouncing back.

BTC/USD 12-hour chart

Are these altcoins dead? Ethereum, XRP and Cardano price trends show signs of weakness

Successful completion of the Merge has paved the way for Ethereum’s 18% dominance. Interestingly, Ethereum, XRP and Cardano, among other altcoins, are showing signs of weakness in their price trends. Analysts believe it is the end of altcoin season and the beginning of Bitcoin’s dominance yet again. 

 
Ethereum price decline post Merge

Binance Coin price set to give up hope for a bullish breakout in 2022

Binance Coin (BNB) price is preparing for an eventful week. Currently, the ASIA PAC and European sessions are starting accompanied by slow and slim volume, with Japan closed due to heavy typhoons and the UK closed for the funeral of Queen Elisabeth. This gives traders a chance to start preparing for the trading week as at least five major central banks are set to hike their policy rate and make statements on how they see their rate policy evolving in the coming months. Expect to see more hawkish tones and hikes, squeezing the liquidity further out of cryptocurrencies, with BNB price collapsing once again as a byproduct on the back of this.

BNB/USD 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: Hormuz uncertainty clouds BTC outlook
Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.