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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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.