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

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

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

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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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Cardano Price Forecast: Extends losing streak to five weeks as bears gain control

Cardano Price Forecast: Extends losing streak to five weeks as bears gain control

Cardano steadies around $0.176 on Monday after declining over 9% last week and marking the fifth straight week of losses since early October. Bearish price action is further supported by large whale cohorts reducing their ADA holdings. In addition, weakening on-chain data and a deteriorating technical outlook suggest that ADA could face further losses.

Zcash Price Forecast: ZEC loses steam as ETF selling weighs on recovery

Zcash Price Forecast: ZEC loses steam as ETF selling weighs on recovery

Zcash attracts some buyers on Monday, edging higher after two straight days of losses. The privacy coin saw $13 million in total outflows from institutional investors, while its retail appeal remains mixed. The technical outlook for Zcash suggests it is losing steam as the price continues to consolidate between $1,112 and $1,340.

Top 3 Price Predictions: Bears in control, with next support at BTC $70,000, ETH around $2,000 and XRP near $1

Top 3 Price Predictions: Bears in control, with next support at BTC $70,000, ETH around $2,000 and XRP near $1

Bitcoin, Ethereum, and Ripple bears remain in control, with the top three cryptocurrencies correcting over 4%, 6% and 10%, respectively, last week and marking their fifth consecutive weeks of losses. BTC trades around $75,530 on Monday after closing below key Exponential Moving Average, leaving the $70,000 level as its next major support.

Stronger than expected NFP sends Bitcoin to $74,888 signalling a new phase of global markets stress

Stronger than expected NFP sends Bitcoin to $74,888 signalling a new phase of global markets stress

The global macro landscape entered a new phase of volatility today as the latest U.S. Nonfarm Payrolls report delivered a significantly stronger‑than‑expected reading, reshaping rate expectations and triggering a broad risk‑off move across equities, crypto, and commodities.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.