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Cryptocurrencies Price Prediction: Bitcoin, LEND and Bitcoin Cash – European Wrap 13 October

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos at threshold, ready for takeoff

Bulls continue to hold the fort following widespread breakouts over the previous weekend. Nonetheless, the momentum has slowed down across the board, especially for major cryptocurrencies like Bitcoin, Ethereum and Ripple. Read More ...

BTC/USD price chart

Aave Technical Analysis: LEND imminent reversal as bears regain control

Aave's downtrend has been unstoppable since the August high of $0.9. Declines also followed the confines of a descending parallel channel. The downside support at $0.4 helped slow down the bearish momentum, culminating in gains above the channel's middle boundary. While the hurdle at $0.5 has been brought down, LEND is yet to correct the adverse price action, for gains past $1. Read more ...

LEND/USD price chart

Bitcoin Cash Price Analysis: BCH bulls remain in control as network readies itself for system upgrade

All eyes are on Bitcoin Cash and the brewing drama between Bitcoin Cash ABC and BCHN as the network preps for a scheduled upgrade on  November 15, 2020. The main bone of contention between the two groups lies in Bitcoin Cash ABC’s insistence upon using the highly controversial  "Infrastructure Funding Proposal" (IFP) coinbase rule. The rule states that nearly 8% of the coinbase reward would be set aside for infrastructure development, which has rubbed many miners the wrong way. Read more ...

BCH/USD daily chart

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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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Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations
Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Crypto traders betting on higher prices had about $1.29 billion in positions forcibly closed over the past 24 hours, as the selloff following Binance’s security breach pushed bitcoin, ether and smaller tokens lower. Total liquidations reached $1.53 billion by Friday morning in Asia, according to CoinGlass. Long positions, bets that prices would rise, accounted for 83.8% of the total.
Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach
Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.
Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.