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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Crypto – European Wrap 14 October

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Crypto – European Wrap 14 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC extends rebound above $84,000 with US CPI data in focus

Bitcoin (BTC) extends its recovery on Wednesday, aiming for the $85,000 resistance. The rebound comes amid a return of institutional demand, with BTC spot Exchange-Traded Funds (ETFs) recording inflows of over $175 million on Tuesday, while easing US Treasury yields and a softer US Dollar (USD) also offer some relief to risk assets. 

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XRP recovery faces headwinds despite Ripple and Meritz Securities' tokenization push in Korea

Ripple (XRP) trades in a tight range on Wednesday, with key psychological support levels at $1.30 and $1.35, while a supply-heavy upside caps the token’s recovery potential toward $1.40. Major moving averages reinforce the resistance cluster, while momentum indicators struggle to regain strength, suggesting that recovery could be an uphill task.

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Crypto Today: Bitcoin, Ethereum, XRP hold steady ahead of US CPI

Bitcoin (BTC) is staging a subtle recovery on Wednesday, holding above $84,000. The Crypto King remains broadly in bullish hands despite failure to break the supply cluster in the $87,000-$88,000 range. On the downside, BTC is supported by a solid psychological level at $84,000, along with major moving averages.

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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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Zcash Price Forecast: ZEC poised for a rebound as momentum recovers

Zcash Price Forecast: ZEC poised for a rebound as momentum recovers

Zcash is up 4% on Wednesday, extending the 4% rise from the previous day and paring Monday’s 8% loss. Grayscale’s ZEC-focused Exchange-Traded Fund is facing selling pressure, with over $5 million in outflows on Tuesday. The technical outlook for ZEC is now mixed, with a bearish bias as upside momentum gains strength.

Top 3 Price Predictions: BTC eyes $85,000, ETH holds support, XRP stabilizes

Top 3 Price Predictions: BTC eyes $85,000, ETH holds support, XRP stabilizes

Bitcoin, Ethereum, and Ripple show signs of recovery on Wednesday as buyers try to regain control after their recent market weakness. BTC extends its rebound toward the $85,000 resistance, while ETH and XRP find support around key levels.

Strategy (MSTR) bitcoin buying model faces scrutiny as STRC costs climb

Strategy (MSTR) bitcoin buying model faces scrutiny as STRC costs climb

Strategy’s STRC financing strategy increased its Bitcoin holdings in H1, but made its capital structure more expensive, prompting an examination of its effectiveness, according to a Tuesday report by K33. STRC recovered close to its $100 par value, closing at $99.90 after an extended period of heavy buybacks.

Bitcoin pressured by rising yields as equities draw strength from earnings expectations

Bitcoin pressured by rising yields as equities draw strength from earnings expectations

Bitcoin is seeing a TradFi capital exodus as rising US Treasury yields weigh on digital assets, while equities draw strength from expectations of strong corporate earnings, according to Wintermute. The loss came as Bitcoin fell 3.2% last week, while Ethereum declined 7.0% and altcoins dropped 2.9%.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.