TRENDING:
BoJ Interest Rate
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple — Asian Wrap 03 August

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple — Asian Wrap 03 August
FXStreet TeamFXStreet TeamFXStreet

BRICS addition of new nations may speed up de-dollarisation. What is the future of Bitcoin?

BRICS, short for Brazil, Russia, India, and, China and South Africa is on course to add new members to the group after the countries expressed interest to join the world economies. This comes amid the de-dollarization effort, as nations strive to come out from underneath the dollar (USD) influence.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC historical volatility nears all time lows

Bitcoin (BTC) price takes the weight of a market devoid of volatility, displaying a rather dull price action on the daily timeframe. The outlook is similar for the Ethereum (ETH) price and Ripple (XRP) price, which continue to suffer from the effects of a declining BTC.

If Ripple's win is temporary, XRP price could crash to this level

The SEC vs. Ripple lawsuit that began in late 2020 reached a conclusion in July 2023, which proved costly for the regulator. The judge involved in the lawsuit gave Ripple a partial victory, which is now under question and could be overturned. The outcome of the SEC vs. Ripple lawsuit ensured that the community of XRP holders is in the safe zone, with regards to their trades across exchange platforms. The recent proceedings in the SEC vs. Terraform Labs case raised questions on the SEC vs. Ripple victory.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

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.