Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Ripple – European Wrap 16 July

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Bitcoin Price Prediction: the risks of BTC/USD collapse below $9,000 are growing — Bitcoin confluence

Bitcoin (BTC) tested the intraday low of $9,076 amid massive sell-off on the cryptocurrency market and recovered to $9,1120 by press time. The first digital coin has been drifting lower since the start of the day amid global sell-off on the cryptocurrency market. Currently, BTC/USD is moving within a short-term bearish trend, the volatility is high.

Ethereum Price Analysis: ETH/USD may face $200.00 amid growing bearish sentiments

Ethereum (ETH) experienced a sharp sell-off to the intraday low of $229.78 and recovered to $230.80 by press time. The coin has entered a recovery mode; however it is still vulnerable to a new shell-off below $230.00 as the bearish pressure remains strong. ETH, the second-largest digital asset with the current market capitalization of $26.06 billion, has lost over 2.6% since the start of the day and 2.75% on a day-to-day basis.

Ripple Price Analysis: XRP/USD bears threaten $0.1900 as the market deep in red

Ripple's XRP is down 3% since the start of the day. The coin has resumed the decline after a prolonged period of range-bound trading in a narrow channel with the lower boundary created by the daily SMA100. At the time of writing, XRP/USD is changing hands at $0.1911 moving within a short-term bearish trend.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.