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Cryptocurrencies Price Prediction: Bitcoin Gold, Ripple & IOTA – European Wrap 17 June

Cryptocurrencies Price Prediction: Bitcoin Gold, Ripple & IOTA – European Wrap 17 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Gold Price Forecast: BTG/USD 2% recovery hits wall at 50 SMA, what next?

Bitcoin Gold is among the best performing digital assets in the market on Wednesday, especially during the European session. Recovery has been staged from Monday’s losses at $8.06. Looking back the price has been in a downward trend since the hurdle at $10.00 in the first week of June.

BTG/USD price chart

Ripple Market Update: Ripple makes its way to top-50 disruptors of 2020

CNBC, an American news media corporation, published a list of 50 disrupters of 2020, the companies that made an impact in the year. Ripple took the 28th place in the rating and become was the only digital currency project that made its way in the list. 

XRP/USD

IOTA Price Analysis: IOT/USD unlikely to break above $0.2300

IOTA is the 23th largest digital asset with the current market value of $627 million and an average daily trading volume of $12 million. The coin has gained over 2% in the recent 24 hours and over 3% since the start of Wednesday to trade at $0.2266 at the time of writing. IOT/USD is recovering after the recent sell-off in sync with the market.

IOT/USD

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple lags recovery as exchange reserves expand

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

Pi Network hits a make-or-break level amid renewed social buzz

Pi Network hits a make-or-break level amid renewed social buzz

PI is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.

Uniswap risks steeper decline as bearish signals pile up

Uniswap risks steeper decline as bearish signals pile up

Uniswap faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Cryptocurrency prices are largely consolidating, with Bitcoin hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum shows signs of recovery but remains below the $1,900 hurdle, while Ripple hovers above the critical $1.00 support and is struggling to gain momentum.

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.