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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Bitcoin Cash – Asian Wrap 07 Aug

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Bitcoin Cash – Asian Wrap 07 Aug
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC/USD bulls eke out an advantage to form bullish Doji pattern

BTC/USD bulls remained in control of the market for the second straight day. The price has gone up from $11,755.34 to $11,7757.44 to form a bullish Doji pattern. The daily confluence detector shows one strong resistance level at $12,300. This level has the one-month Pivot Point resistance-two, among others.

fxsoriginal

Ethereum gas fees are finally dropping after months, ETH/USD struggles to stay above $400

Ethereum gas fees appear to be dropping gradually as congestion on the network is finally clearing. A couple of days back, the average gas fee was between 30 and 40 Gwei. The minimum amount to get a transaction confirmed in less than 30 minutes was 6 Gwei, as per EthGasStation data.

Bitcoin Cash Market Update: BCH/USD rockets above $300 as $400 draws nearer

Bitcoin Cash is among the biggest winners in the cryptocurrency market on Friday. Besides bringing down the resistance at $300, buyers have extended the price action above $320. BCH/USD is teetering at $324 at the time of writing following consistent bullish action during the Asian session on Friday.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.