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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Crypto – European Wrap 3 November

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Crypto – European Wrap 3 November
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC risks deeper losses as the 200-day EMA comes under pressure

Bitcoin (BTC) slips toward the key support zone around $76,455 on Tuesday, after falling nearly 2% the previous day. The largest cryptocurrency by market capitalization nears a make-or-break level, with a daily close below $76,455 suggesting a deeper breakdown. Institutional demand continues to fade, with spot Exchange Traded Funds (ETFs) recording an outflow of over $398 million on Monday after last week’s withdrawals. 

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Ripple Price Forecast: XRP clings to $1.25 support as Binance reserves hit five-year low

Ripple (XRP) trades sideways on Tuesday, between the psychological $1.20 support and structural resistance around $1.32. The remittance token appears to be building recovery momentum above $1.25, as traders consider taking on more risk against the backdrop of last week's historic $6.3 billion Binance hack.

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Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Bitcoin (BTC) trades downward at $76,566 on Tuesday, testing six-week lows. The Crypto King's path of least resistance has remained largely sideways after the historic $6.3 billion Binance hack last week, with prevailing doldrums linked to reduced risk appetite and capital outflows.

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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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Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

Bitcoin (BTC) braces for the impact of the US midterm elections, just a week after the $6 billion hack from Binance. Historically, congressional elections have negatively affected not just the president’s party but also Bitcoin.

Bitcoin slips below $78,000 amid ETF outflows

Bitcoin slips below $78,000 amid ETF outflows

Bitcoin (BTC) slips below $78,000 at the time of writing on Monday after posting its fourth straight weekly loss. Institutional demand shows signs of weakening, with spot Exchange Traded Funds (ETFs) recording outflows of over $202 million last week.

Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

Bitcoin hovers above $78,000, building on the 100-day EMA support as market sentiment remains weak. Ethereum shows signs of recovery near $2,300, though upside remains technically capped.

Pi Network tests long-term resistance breakout as selling pressure wanes

Pi Network tests long-term resistance breakout as selling pressure wanes

Pi Network edges higher on Monday, testing the bullish breakout of a long-term resistance trendline. Fear and Greed Index declines to 36 from 43 last week, indicating reduced risk appetite.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.