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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cardano– American Wrap 25 August

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cardano– American Wrap 25 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Prediction: How Biden's debt relief program could trigger the next BTC rally

Bitcoin price macro potential is still very much intact. As a response to President Biden’s debt relief program, investors may finally exercise bravery in the free markets once again.


 

Ethereum price recaptures $1,700, riding on the upcoming software upgrade – the Merge

Ethereum price is holding firmly to support at $1,700 several days after a significant slump from levels slightly above $2,000 to $1,530. This momentum ETH exhibit ascribes to an upcoming software upgrade called the Merge. Investors seem to be in unison about the Merge positively impacting Ethereum price – bringing relief amid obvious bear market uncertainties.

Cardano price: Vasil hard fork knocking on the door, buy the rumor?

Cardano holders await the Vasil hard fork, considered a game changer for the Ethereum-killer network. The altcoin’s upgrade could act as a bullish trigger for ADA price, therefore, traders have an opportunity to buy the rumor. 

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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.