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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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