Cryptocurrencies Price Prediction: Bitcoin, Polygon and Ripple – European Wrap 12 May

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: No band-aids as crypto markets bleed

Bitcoin price, Ethereum and other cryptocurrencies are bleeding, and global markets are reluctant to provide any band-aids or bandages to stop the bleeding. Investors are turning their back on cryptocurrencies as a storm is rolling through the markets, with the stock market correction as the most significant cause of the turmoil. With cryptocurrencies on the chopping block, expect to see more losses eked out into the weekend as support levels are still far off.

MATIC price threatens a 45% crash; this is what traders can do

MATIC price is in a tough spot like many altcoins after the recent collapse of LUNA-UST. The ripple effect of this breakdown is being felt in the crypto space across every single token, including Bitcoin.

Where XRP price could bottom and how to reenter the market

XRP price shows an interesting outlook as it crashes below multiple support levels on a weekly time frame. This bearish outlook is inescapable as the LUNA-UST kingdom collapses. The domino effect is not just felt by BTC but also by the entire ecosystem.

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FXStreet Team

FXStreet

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Ripple Price Forecast: XRP recovery dims as demand cools

Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token's upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets.

Crypto Today: Bitcoin, Ethereum, XRP hold key support as US and Iran agree to halt strikes

Bitcoin (BTC) maintains a neutral-to-bullish outlook, trading above $65,000 on Monday. Ethereum (ETH) is approaching the key supply and inflection point $2,000, while Ripple (XRP) hovers slightly above $1.10, underscoring a marginal improvement in the broader cryptocurrency market sentiment.

Shiba Inu Price Forecast: The three factors driving SHIB's mystery rally

Shiba Inu (SHIB) price is down 3% on Monday, reflecting a potential profit-driven pullback after rising over 25% over the last two days. The mystery rally in SHIB has outpaced the minor recovery seen in other meme coins, with data suggesting it is linked to supply burns, the Korean market demand, and ecosystem expansion.

Bitcoin options traders are dropping their hedges going into the Fed meeting

Bitcoin's options market has turned notably less defensive over the past month, unwinding the downside protection traders built up in June just as the Federal Reserve prepares to meet.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.