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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.

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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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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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Has Bitcoin really escaped the macro forces it was built to fight?

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?

Ethereum activates Glamsterdam on Sepolia testnet: Why the price is falling anyway

Ethereum activates Glamsterdam on Sepolia testnet: Why the price is falling anyway

Ethereum (ETH) has reached a key milestone in its next major network upgrade. The planned changes aim to improve Ethereum’s Layer 1 capacity and efficiency as network activity grows. The development comes as ETH retreats toward $2,500.

Bitcoin Weekly Forecast: Uptober or Rektober?

Bitcoin Weekly Forecast: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.

Ripple bulls gather recovery momentum amid returning ETF inflows

Ripple bulls gather recovery momentum amid returning ETF inflows

Ripple (XRP) trades largely in bearish hands on Friday near $1.40. Although the remittance token has stabilized after a sharp sell-off from weekly highs of $1.53 to lows around $1.32, the path of least resistance remains downward, unless buyers affirm a daily close above the pivotal $1.40 level.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.