Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Ethereum – European Wrap 22 May


Bitcoin Price Analysis: BTC/USD glued to $9,000, amid lack of momentum

BTC/USD recovered above $9,000 to trade at $9,080 by the time of writing. The first digital coin experienced a massive sell-off below $9,000 on Thursday and hit the recent low at $8,800 where new buyers popped in and saved the game. Despite the recovery, BTC/USD is down nearly 4% on a day-to-day basis and mostly unchanged since the beginning of the day. 

 

Litecoin Price Analysis: LTC/USD stays bearish, ignores positive fundamentals

Litecoin's creator Charlie Lee shared his views on how the network would operate once MimbleWimble solution is rolled out. Speaking in the interview with Rice Crypto YouTube channel, he explained that the implementation process may be slow at the start as users won't be forced to move to the update. 


Ethereum Price Analysis: ETH/USD goes back above $200.00, upside gains traction

The second-largest digital asset recovered above critical $200.00 after a sharp sell-off to $191.49 on Thursday. The coin has regain 1.3% of its value since the beginning of the day and lost nearly 4% in the recent 24 hours. At the time of writing, the second-largest digital asset is trading at $203.20 with bearish bias.

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BTC/USD jumps above $9,000, long-term bulls bet on record highs

Bitcoin (BTC) broke free from a tight range limited by $8,700 on the downside and $9,000 on the upside. The first digital coin has settled at $9,170 by press time, having gained nearly 4% since the beginning of Wednesday. 

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ETH/USD: Ethereum is grossly undervalued, Blockfyre’s research reveals

Ethereum (ETH) is grossly undervalued at the current levels, according to the study performed by the crypto research firm Blockfyre. The team outlined at least four factors to support their conclusions.

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Ripple's CEO urges the US lawmakers to hurry up with the crypto regulation

Ripple CEO Brad Garlinghouse urged the United States regulators to speed up the development of digital currencies. The expert warned that the country may lose its status of the global leader of innovations and fall behind China in terms of cryptocurrency developments.

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IOTA Foundation launches decentralized health passport amid COVID-19

IOTA is the 24th largest digital asset with the current market value of $550 million and an average daily trading volume of $15 billion. The coin has gained nearly 3% both since the beginning of the day and in the recent 24 hours. At the time of writing, IOT/USD is changing hands at $0.1997.

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Bitcoin Weekly Forecast: BTC bulls are nowhere to be seen

Bitcoin attempted a recovery towards $10,000 but ended up at $9,100. The first digital asset printed the second red candle on a weekly chart. It is an alarming signal for the long-term bull as BTC may be vulnerable to deeper losses.

Read the weekly forecast

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