Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Ripple – European Wrap 30 December


Bitcoin primed for a major price movement as second U.S. stimulus checks go out

The outgoing U.S. President Donald Trump finally endorsed the long-awaited stimulus bill worth $900 billion, meaning that every American citizen will soon receive a check for $600. Back in spring, many people used the first stimulus checks worth $1,200 distributed by the government to invest in Bitcoin. At that time, the US-based cryptocurrency exchange Coinbase reported a spike of first-time deposits worth $1,200. Read more...

 

BTC, 1-hour chart

ETH failed at $750 again

ETH bulls made another attempt to break above a critical resistance area of $747 created by 0.5 Fibo retracement level for the downside move from January 201 high to December 2018 low. As the upside momentum faded away on approach to a significant barrier, ETH dropped to the intraday low of $717 before recovering to $725. Read more...

 

 

ETH, 1-hour chart

Cryptocurrency platforms avoid Ripple like the plague; over companies 14 suspended XRP trading

The list of cryptocurrency companies delisting or suspending Ripple's XRP trading is growing faster than mushrooms after a rainy day. At the time of writing, 14 digital assets service providers announced the decision to distance themselves from the troubled startup and its token. The list includes such big names in the cryptocurrency industry as Coinbase, Bitstamp, Coinmama, and Wirex. Read more...

 

XRP, 12-hour chart

 

 

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These five on-chain metrics suggest that Ethereum bull market has just begun

Ethereum price has been a topic of discussion in the cryptocurrency ecosystem since it hit a new all-time high of $3,524 on May 4, while Bitcoin price is still recovering from the flash crash witnessed in April. 

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SEC denies possession of crypto documents critical to Ripple defense

Although Ripple Labs has filed a motion to dismiss the Securities & Exchange Commission (SEC) lawsuit, the blockchain firm is faced with multiple challenges. Despite the judge’s ruling to allow discovery of SEC documents on Bitcoin, Ether and XRP, the securities regulator may now have the edge over Ripple.

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Dogecoin at make-or-break point after new all-time highs

Dogecoin price remains indecisive after setting up record highs on May 4 at $0.611. The MRI has flashed a reversal signal, indicating that DOGE might retrace. A spike in bullish momentum due to FOMO among buyers could result in a new all-time high at $0.561.

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Uniswap v3: Concentrated liquidity and multiple fee tiers to transform the future of DeFi

Uniswap is coming out with new products and features to give users more control over liquidity with its version 3 launch today. The multi-billion-dollar decentralized finance (DeFi) industry is about to see one of the largest transformations in its history.

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

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