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Cryptocurrencies Price Prediction: Bitcoin, Ripple and Ethereum – European Wrap 21 January

Cryptocurrencies Price Prediction: Bitcoin, Ripple and Ethereum – European Wrap 21 January
FXStreet TeamFXStreet TeamFXStreet

Buckle up, Bitcoin downswing eyes $25,000

Joe Biden's inauguration is behind us without any hitches, although former President Donald Trump skipped the national event. Bitcoin and the rest of the cryptocurrency market remained relatively quiet apart from Wednesday morning dip. A minor drop saw BTC refresh the support at $34,000, allowing Grayscale Investments to top up its holdings by 8,000 BTC. Read more...

BTC/USD 4-hour chart

Ripple can hold the XRP up, but not against the market on selling mode

The bullish reaction in the XRP/USD following the news of the nomination of Michael Barr, a former US Treasury official and once a key member of Ripple's advisory board, as head of the Office of the Comptroller of the Currency (OCC) has been short-lived. Read more...

ETH tumbles below uptrend channel with 10% plunge amid crypto sell-off

Is the bullish run over or only a buy-the-dip opportunity? Cryptocurrencies have been on the back foot on Thursday, and Etehereum does not seem immune. President Joe Biden has continued pushing for a multi-trillion stimulus deal, which would be bullish for digital assets – yet that may have already been priced in. Read more...

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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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XRP consolidates as inflows and volume climb

XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.
Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.
South Korea crypto volumes shrink as retail investors shift to stocks

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.
Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.