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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – European Wrap 15 April

Bitcoin Price Analysis: BTC/USD hangs in the balance, pennant pattern threatens freefall to $5,000

Bitcoin price is seating slightly above $6,900 amid a building bullish bias. The past couple of days have been particularly challenging for Bitcoin buyers as they struggled to sustain the price above $6,800 and $6,900. Moreover, gains towards $7,000 have been unattainable owing to the increasing selling activities.


BTC/USD price chart

Ethereum Price Analysis: ETH/USD posted gains in Q1 despite the biggest one-day sell-off on record

According to the recent research conducted by Messari, the crypto market is dominated by the broader economic environment and the uncertainty created by the coronavirus outbreak. However, the smart contracts sector showed some resilience. The key indices started recovering at the beginning of Q2.


ETH/USD

Litecoin Price Analysis: LTC added as a collateral on Binance Loan

Litecoin (LTC) has stayed mostly unchanged both on a day-to-day basis and since the beginning of Wednesday. The 7th largest digital asset with the current market value of $2.6 billion is changing hands at $41.00. The coin is moving with the short-term bearish bias maid shrinking volatility.

LTC/USD

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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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Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.