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Cryptocurrencies Price Prediction: Bitcoin, Ethereum, & Bitcoin Cash – Asian Wrap 08 Jul

Cryptocurrencies Price Prediction: Bitcoin, Ethereum, & Bitcoin Cash – Asian Wrap 08 Jul
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD bears currently look to conquer support at SMA 20 curve

BTC/USD dropped from $9,255.80 to $9,255.15 as the bears remained in control for the second straight day. Currently, the price is sitting on top of the SMA 20 curve. The Elliott Oscillator has had four consecutive green sessions, while the MACD shows that market momentum is presently bullish. 

Ripple Technical Analysis: XRP/USD bears take price below $0.185

XRP/USD bears remained in control for the second straight day as the price fell from $0.1852 to $0.1848. Despite the bearish price action, the Elliott Oscillator has had seven consecutive green sessions, showing that the overall market sentiment is still bullish.

Bitcoin Cash Price Analysis: BCH/USD explodes 2% higher in minutes

The cryptocurrency market is dominantly in the green mid-through the week’s trading. Bitcoin Cash has not been left behind following a 2% steady rise on the day in a matter of minutes. Some of the best-performing cryptocurrencies include Ripple (XRP) up 4.62%, EOS up 1.89% and IOTA (IOT) up 1.93%.

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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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XRP holds bearish bias despite spot ETF inflows

XRP holds bearish bias despite spot ETF inflows

Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

The cryptocurrency market broadly corrects on Friday, as investors assess macro uncertainty and geopolitical tensions, which continue to escalate in the Middle East. Bitcoin (BTC) is trading below $64,000, down from the weekly high of $65,745. Altcoins such as Ethereum (ETH) and Ripple (XRP) are trading under increasing selling pressure below $1,900 and $1.10, respectively.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.