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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – European Wrap 27 May

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – European Wrap 27 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD journey back to $9,000 in jeopardy as sellers’ grip tightens – Confluence Detector

Bitcoin has remained lethargic in its price performance since the beginning of the week. It is becoming increasingly difficult to sustain gains above $9,000. On the other hand, buyers are concentrating on defending the short term support at $8,800. Meanwhile, BTC/USD is valued at $8,840, following a minor retreat from $8,893 (intraday high).

BTC/USD price chart

ETH/USD: Ethereum is grossly undervalued, Blockfyre’s research reveals

Ethereum (ETH) is grossly undervalued at the current levels, according to the study performed by the crypto research firm Blockfyre. The team outlined at least four factors to support their conclusions.
ETH/USD

Ripple's CEO urges the US lawmakers to hurry up with the crypto regulation

Ripple CEO Brad Garlinghouse urged the United States regulators to speed up the development of digital currencies. The expert warned that the country may lose its status of the global leader of innovations and fall behind China in terms of cryptocurrency developments.

XRP/USD

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Bitcoin: Fed delivers, yet fails to impress BTC traders

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Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.