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Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Stellar Lumens – European Wrap 14 July

Bitcoin Market Update: BTC/USD may retest $9,000 amid worsened sentiments on the global markets

Bitcoin is changing hands at $9,190, mostly unchanged both on a day-to-day basis and since the beginning of Tuesday. The first digital coin has been locked in a tight range for weeks with rare attempts to break free in either direction. At the time of writing, Bitcoin's market value is registered at $169.3%, while its market share recovered to 62.6% from the recent low of 62.2%. 


BTC/USD

Litecoin Price Analysis: LTC/USD bulls have low chances as long as the price is below daily SMA50

Litecoin experienced a sharp sell-off towards $42.63 on Monday and managed to recover to $43.44 by the time of writing. The 9th largest digital asset with the current market value of $2.88 billion has lost over 13% on a day-to-day basis and 1% since the beginning of the day. The coin is moving in sync with the market within a short-term bearish trend amid high volatility.

LTC/USD

Stellar Market Update: XLM/USD nosedives from new 2020 highs

Stellar is free-falling after hitting a snag at $0.10. This crypto token has been on an upward roll since the beginning of July. Note that the gains in June hit another wall at $0.0850 before plummeting under the 23.6% Fibonacci retracement level taken between the last swing high of $0.1014 to a swing low at $0.02756.

XLM/USD price chart

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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 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.