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Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – European Wrap – 10 March

Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple – European Wrap – 10 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin shattered safe-haven status may signal wider institutional adoption

In recent months, Bitcoin price has been correlated to equities and acted in tandem with risk assets. The first digital asset dropped in response to coronavirus outbreak and reacted negatively to the worsening global macroeconomic conditions. This development questions Bitcoin status as an uncorrelated asset that can be used as a hedge during turmoil. 

Ethereum Price Analysis: ETH/USD bulls desperate to get the price back above $200.00

Ethereum (ETH) dropped below $200.00 handle to trade at $199.10 by press time. The second-largest digital asset with the current market value of $21.9 billion, has lost over 3% amid the increased bearish momentum on the market. ETH/USD has been moving in sync with Bitcoin, influenced mostly by speculative sentiments and technical factors. 

XRP/USD settles above $0.2000 amid growing liquidity transactions activity

According to XRPL Monitor, several huge transactions have been registered on XRP ledger during the recent days. Thus, 20 million XRP has been transferred between Japanese Bitbank accounts. Other large transactions include corporate wallets and several popular crypto exchanges such as Coincheck, MXC, Bithumb and gate.io.

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