Cryptocurrencies price prediction: Bitcoin, NEO & Ripple – European Wrap – 12 February


Bitcoin bulls inspired by Jay Powell's comments; $11,000 is the next major aim

BTC/USD is changing hands at $10,273, off the recent high reached at $10,485. The first digital currency has gained over 5% in recent 24 hours amid a strong bullish rally across the market. Notably, Bitcoin's market share dropped below 63% to 62.6% as many top altcoins demonstrated more spectacular results.


Bitcoin

NEO Price Analysis: NEO/USD moves within a long-term bullish trend; $15.00 within reach

NEO, the 19th largest digital asset with the current market capitalization of $1.03 billion has gained nearly 12% in the recent 24 hours amid strong bullish momentum. The coin hit $14.69 during early Asian hours, which is the highest level since July 2019. While the actual factors behind NEO's spectacular growth remain unknown, the coin is moving in sync with the bullish sentiments on the market.

 

NEO

XRP/USD jumps above $0.2900 as Ripple boasts a partnership with the National Bank of Egypt

Ripple's XRP, the third-largest digital asset with the current market value of $12.5 billion has been gaining ground during early Asian hours. At the time of writing, XRP/USD is changing hands at $0.2880, off the recent high of $0.2922. The coin surpassed $0.2900 for the first time since early November 2019.

 

Ripple

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

BTC/USD risks a drop to $10,500 amid bearish technical set up

Bitcoin (BTC/USD) reversed Friday’s temporary reversal and resumed the previous bounce on Saturday, only to find stiff resistance once around the $10,800 region. A potential rising wedge formation spotted on the hourly chart. Acceptance below 10,693 could revive the bearish bias.

More Bitcoin News

Cardano Price Prediction: ADA bulls to regain control amid golden cross on hourly chart

ADA/USD consolidates the pullback from three-month lows on Saturday. Golden cross formation spotted on the hourly chart; RSI still bullish. Bulls are likely to regain control, eyeing a break above $0.10 mark.

More Cardano News

NEO Technical Analysis: A test of 200-HMA likely on NEO’s road to recovery

NEO/USD witnessed good two-way businesses on Friday, having finally settled in the red after fading a spike above the $23 mark. The buyers have regained control this Saturday, allowing a tepid bounce in the spot.

More NEO News

Ripple Price Forecast: XRP flashes sell signal in the hourly chart – Confluence Detector

XRP/USD has had three straight bullish sessions. XRP daily confluence detector shows moderate-to-strong resistance at $0.245. On the downside, there are two healthy support levels at $0.2425 and $0.24.

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast

BTC

ETH

XRP