|

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

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple and Stellar outlook: XRP and XLM rebound amid mixed signals

Ripple and Stellar extend their recovery on Thursday after finding support at key technical levels. However, mixed derivatives and on-chain data for both altcoins suggest that traders remain cautious and have yet to show strong conviction in a sustained rebound. Derivatives data shows a mixed and cautious outlook among traders.

Crypto Overview: Bitcoin steadies above $76,000 amid Fed rate hike – Privacy coins rally

Bitcoin holds steady around $76,000 at press time on Thursday, showing near-term strength as the US Federal Reserve raised interest rates by 25 bps. Privacy coins, Zcash and Dash, post double-digit gains over the last 24 hours, emerging as top performers. Bitcoin hovers around $76,200 on Thursday holding steady after a 3% decline on Tuesday.

Bitcoin slips below $76.7K True Market Mean amid weak demand — Glassnode
Bitcoin (BTC) has slipped below its recent trading range and the True Market Mean at $76,700, but the top crypto has remained relatively resilient despite a failed Clarity Act Senate vote, FOMC rate hike and a broader altcoin sell-off.
Bitcoin, crypto market see muted activity following FOMC rate hike

Bitcoin (BTC) traded above $76,000 on Wednesday as the Federal Reserve raised its benchmark interest rate by 25 basis points, bringing the federal funds target range to 3.75%-4.00%. The unanimous 12-0 decision marked the Fed’s first rate hike since July 2023.

Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.