Cryptocurrencies price prediction: Bitcoin, Ethereum & Ripple– European Wrap – 26 March
Bitcoin Price Analysis: BTC mining difficulty is set to decrease by 15.95% - bulls should adopt the ready position
Bitcoin has barely moved in recent 24 hours. The first digital asset is changing hands at $6,600 with no clear short-term direction. BTC/USD hit the intraday high at $6,795, but the upside momentum faded away quickly. According to the data provided by Intotheblock, there is a cluster of BTC addresses that has a break-even point in the range from $6,600 to $6,800, which makes this area particularly tough for the bulls.
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Ripple Price Analysis: XRP/USD hibernates in a tightening range as Ripple donates $200 000 to fight coronavirus
Ripple's XRP is hovering marginally above $0.1600, mostly unchanged since the beginning of the day. The coin has been locked in a tight range recently as the market ground to a halt after sharp movements. Ripple's market value is registered at $7 billion, while its average daily trading volume exceeded $2 billion.
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Ethereum Price Analysis: ETH/USD may continue drifting lower towards $130.00
Ethereum, the second-largest digital asset with the current market value of $15 billion, hit the intraday high at $138.95 before retreating to $134.82. The coin is locked in a tight range with a mild bearish bias, moving in sync with the market. Since the beginning of the day, ETH has lost over 1%.
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Author
FXStreet Team
FXStreet
