|

Cryptocurrencies Price Prediction: Bitcoin, Ripple and Ethereum – European Wrap 7 September

Bitcoin rips below $20,000 and opens a fresh can with more losses at hand

Bitcoin (BTC) price has said its goodbyes at $20,000 after a few very choppy trading days. With $20,000 in the middle of the range still at the end of August, it was at the start of September that the beloved psychological level started being mentioned on the topside of the intraday price action. Slowly but surely, Bitcoin price slipped below it, and after yesterday it is time to say goodbye to $20,000 for now, saddling up bulls with massive losses and negative pnl’s to come.

BTC/USD Daily chart

XRP price freefall grinds to a halt as crypto market cap surrenders the $1 trillion mark

XRP price is in the process of fortifying support around $0.3180 in the wake of a sharp decline from resistance at $0.3367. Although the cross-border money remittance token trades slightly above $0.3200, all eyes are fixated on its ability to bounce off support for a sustained northbound move.

XRPUSD price chart

Ethereum's native .ETH domain debuts on easyDNS ahead of the Merge, Ether price plunges

EasyDNS, a Canadian Internet Service Provider (ISP), has released the first ever Ethereum's native .ETH domain to cater to registrations on its platform. Interestingly, easyDNS was the first ISP to support the Ethereum Name Service (ENS) linked to legacy IANA TLDs .XYZ domains. According to a blog post outlining the development, ENS native domain services first began in 2018, but this will be the first time .ETH has come into use.

ETH/USD 12-hour chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Pi Network extends consolidation as bulls eye $0.10

Pi Network price holds steady on Friday, maintaining a consolidating tone for three consecutive days. Mild retail strength in the PI token remains stable, with Open Interest above $9 million, while social buzz eases.

Bitcoin Weekly Forecast: Hormuz uncertainty clouds BTC outlook

Bitcoin trades around $62,900 on Friday, down over 3% so far this week, but signs of stabilization are emerging. Tensions in the Strait of Hormuz are keeping Oil prices and the war-risk premium elevated, supporting the US Dollar and weighing on BTC.

Crypto Today: Bitcoin, Ethereum, and Ripple risk steeper correction as bearish pressure mounts

Bitcoin trades below $63,000 on Friday, projecting a downside bias as selling pressure resurfaces. Ethereum and Ripple also take a bearish path, risking a drop below the 50-day Exponential Moving Average at $1,856 and the $1.00 psychological support, respectively.

Bitcoin SV Price Forecast: BSV hits three-month high, eyeing 200-day EMA breakout

Bitcoin SV (BSV) is up nearly 2% on Friday, extending a steady upward trend over the last two weeks. Retail strength builds in BSV amid multiple vulnerabilities found in the Bitcoin ecosystem.

Bitcoin: Hormuz uncertainty clouds BTC outlook
Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.