Cryptocurrencies Price Prediction: Bitcoin, Luna Classic and Ripple – European Wrap 9 November

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Here’s what to expect after FTX’s collapse

Bitcoin price, along with Ethereum, Ripple and other altcoins, has undergone a massive sell-off over the last 24 to 48 hours after the recent collapse of Sam Bankman Fried’s exchange FTX.

Luna Classic price bleeds, Do Kwon hit with new $56.9 million lawsuit

Terraform Labs CEO and co-founder Do Kwon has been issued with a class-action lawsuit for $56.9 million in damages, on behalf of 30 disgruntled international investors. Meanwhile, Terra’s resurrected token LUNC witnessed substantial declines on the back of current crypto market volatility, and analysts say it has lower to go.

XRP price action set to fall 25% as crypto image relives a PR nightmare with FTX

Ripple (XRP) price action is undergoing another exodus of cash and investors as of last night. Not only did the nervousness around the midterms scare investors away, but the possible blow-up of the FTX exchange created a resurgence in fear among traders. Binance’s sudden announcement that it would be acquiring FTX points to foul play and has created an atomic meltdown of FTX’s related coins, such as Solana. The enormous spillover effect brings back memories of the LUNA debacle earlier this year when the stablecoin almost defaulted because of its liabilities against the stronger dollar.

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Ripple and Stellar outlook: XRP and XLM tumble as technical outlook deteriorates

Ripple and Stellar extend their declines, trading below $1.06 and $0.165, respectively, as selling pressure intensifies. In addition, weakening technical structures and bearish derivatives metrics suggest the correction for both altcoins could deepen if key support levels fail to hold.

Crypto Market Overview: Pi Network, Uniswap lead gains as Bitcoin steadies at $64,000

Bitcoin trades above $64,000 on Thursday, testing the bullish breakout of its 50-day Exponential Moving Average near $64,660. Mild recovery in BTC lifts altcoins, with Pi Network and Uniswap emerging as top performers over the last 24 hours.

Bitcoin stalls despite strong market activity across traditional assets

Bitcoin remained subdued while stocks edged higher and gold lower, suggesting the market is trapped between weakening institutional demand and growing signs of seller exhaustion, according to a Glassnode report on Wednesday.

Hashdex Bitcoin ETF to shut down following low liquidity

Hashdex Asset Management stated on Wednesday that it will liquidate and close the Hashdex Bitcoin ETF (DEFI), due to low assets under management, limited liquidity and operating costs. The fund managed approximately $14.7 million in assets as of July 30, according to a statement on Wednesday.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.