Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple - American Wrap - 25 September


Bitcoin drifts lower, bears aim at $8,000

The first cryptocurrency shocked the market with the sharp sell-off. Bitcoin lost over $1,000 of its value in a matter of hours and dropped below $8500 for the first time since the beginning of summer. Moreover. the market capitalization dropped by $30 billion. It is worth noting, that the sell-off coincided with positions liquidation on BitMEX worth of $710 million. 

Ethereum technical analysis: ETH/USD vulnerable under $180

Ethereum price is trading in the green, up some 1.40% in the second half of the session.

ETH/USD bears have forced the price to give up a critical area of demand around the $180 price territory.

The price is potentially at risk of its sixth consecutive session in negative territory.

Ripple's XRP technical analysis: XRP/USD heading for big $0.20 test

Ripple's XRP price is trading up with marginal gains of 1.25% in the session. 

XRP/USD has been falling for the past six consecutive sessions, bulls attempting to stage a rebound, but downside vulnerabilities remain. 

The bears forced a breach of the critical $0.2500, which leaves the door open to a $0.2000 return. 

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This past week has been extremely beneficial for Bitcoin which jumped by 30% since Monday 8. Several positive announcements, especially Tesla purchasing $1.5 billion worth of the digital asset propelled the flagship cryptocurrency to new highs.

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