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

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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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FXStreet Team

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XRP extends decline as muted on-chain activity, bearish technicals weigh

Ripple (XRP) continues to trade under heavy selling, trading below $1.10 at the time of writing on Wednesday. The remittance token marks four consecutive days of declines, weighed down by geopolitical tensions and significantly low risk appetite.

Crypto Today: Bitcoin, Ethereum, XRP extend technical weakness amid escalating tensions in the Middle East

Cryptocurrencies are broadly extending declines on Wednesday, after last week’s recovery. The sell-off has seen Bitcoin (BTC) slide below $62,000, increasing downside risks toward the next key support at $60,000.

Solana nears key support zone as bears aim for a 20% downside

Solana price is down 3% on Wednesday, extending a bearish reversal after an overhead trendline capped the previous week’s recovery. Institutional inflows eased to $1.67 million on Tuesday, while declining Open Interest and fluctuating funding rates indicate mixed retail demand.

Hyperliquid extends losses as retail demand fades

Hyperliquid (HYPE) slips below $70 on Wednesday, extending a steady decline so far this week. A broader market risk-off sentiment weighs down on the retail support for HYPE despite steady institutional demand, with $4.32 million in inflows on Tuesday.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.