Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Stellar Lumens – European Wrap 28 April

FXStreet Team FXStreet

BTC/USD: The Bitcoin traders are less fearful as the price gains 23% on a month-on month basis

At press time, BTC/USD is sidelined near 7,700. The near-term bias remains neutral while the price is moving within the current trading range of 7,500-$8,000. A breakout will likely pave the way for a strong move in the direction of the breakthrough. Bitcoin's current market capitalization is $142 billion, which is 64% of the total market value. The first digital asset has stayed mostly unchanged both on a day-to-day basis and since the beginning of Tuesday.

ETH/USD: Ethereum 2.0 testnet goes live, little market reaction so far

Ethereum developers launched Ethereum 2.0 multi-client testnet. According to Eric Conner, Prysm and Lighthouse joint the net so far. Notably, the testnet launch is considered one of the milestones before the launch of the fully functional release of the major update for the second-largest digital asset.

Stellar Price Analysis: XLM/USD bulls bumped into weekly SMA50

Stellar (XLM) is the best-performing digital asset out of top-20 on Tuesday. During early Asian hours, XLM/USD hit the highest level in two months at $0.0714 and retreated to $0.0691 by press time. Despite the downside correction, the coin has gained over 11% in the recent 24 hours. Stellar has a market value of $1.4 billion and takes the 11th place in the global cryptocurrency rating.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

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.

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