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

FXStreet Team FXStreet

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%.

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.

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.

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Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Nakamoto cuts debt with $48M Bitcoin sale as treasury firms prioritize balance sheet strength

Bitcoin treasury company Nakamoto sold approximately 600 BTC and related derivatives, according to a statement on Thursday. The company used the proceeds to reduce debt, lower financing costs and extend the maturity of a major loan facility.

Top 3 Price Prediction: BTC tests key resistance, ETH stabilizes, XRP shows signs of bearish exhaustion

Bitcoin is attempting to reclaim the key $64,000 resistance level after staging a modest recovery from recent declines. Ethereum is stabilizing above $1,660 after a slight rebound, while Ripple momentum indicators suggest weakening bearish pressure.

Citigroup to launch blockchain platform for tokenized shares of private companies

Citigroup is preparing to launch a blockchain-based platform that will allow wealthy and institutional investors to trade tokenized shares of private companies, according to a Thursday report by The Wall Street Journal. The platform will use tokenized depositary receipts, with Citi acting as both issuer and custodian.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.