Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Ripple – European Wrap 31 December


BTC blasts above $29,000, XRP claws back some ground

The cryptocurrency market celebrates the New Year with new highs. Bitcoins jumped above $29,000 and set a new all-time high at $29,321 during early Asian hours. Since that time, the pioneer digital asset has retreated to $28,800, though it is still 3.5% higher on a day-to-day basis. On a weekly basis, BTC gained over 23%. ETH attempted a move above $750 but failed to hold the ground while XRP is hovering around $0.224, having recovered from a massive sell-off to $0.17 on Tuesday, December 29. Other altcoins out of the top-50 are mostly bullish. Read more...

 

BTC, 4-hour chart

Ethereum whales go into buying spree in anticipation of new all-time highs

Ethereum (ETH) hit a new high of 2020 at $759 during early Asian hours. At the time of writing, the second-largest digital asset is changing hands at $751, having gained over 30% in the past seven days. ETH has been gaining ground since the beginning of December amid positive fundamentals and the growing interest from institutional investors. Read more...

ETH, 1-hour chart

Polkadot is ready for correction to $7 before another spike to a new all-time high

DOT broke the previous all-time high at $7 and jumped above the next psychological resistance of $8. At the time of writing, DOT is changing hands at $8.1, having gained over 12% on a day-to-day basis. The token sits at 6th place in the global cryptocurrency market rating with the current market capitalization of $7.3 billion. Read more...

 

DOT, 12-hour chart

 

 


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XRP