Cryptocurrencies price prediction: Bitcoin, Ripple & Dash - Asian Wrap 20 Jan


BTC/USD sharply reverses weekend gains above $9,000 to test $8,500

Bitcoin led the cryptocurrency market on Sunday in an unexpected brief rally above the coveted $9,000 for the first time in 2020. The gains extended toward $9,000 but the high achieved was $9,184. Sideways trading between $8,500 and $8,750 is likely to take precedence in the near term.

 

XRP/USD suffers rejection at $0.25, where to next?

Ripple embarked on a journey to break barriers over the weekend to the extent of testing the $0.25 critical resistance zone. Lack of enough buying power coupled with increased selling pressure, saw XRP rejected from the January peak to levels close to $0.23. 

 

DASH/USD drops 30% from 2020 peak as bulls lose their mojo

Dash was among the biggest gainers in the January 2020 bull-run. From the December low around $38, the price spiked remarkably, breaking numerous barriers. The new 2020 high at $144 marked the end of the impressive bullish action. 


 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

What it means for the cryptocurrency market

The Brazillian fund manager Hashdex got approval for the Bitcoin ETF. The new instrument will be launched on the Bermuda Stock Exchange (BSX) in partnership with the American stock exchange Nasdaq, setting the stage for the whole new era in the cryptocurrency trading industry. 

More Cryptocurrencies News

Crypto market shrinks while Bitcoin grows

The war for market share, expressed through the dominance charts, confirmed the offensive launched by Bitcoin days ago and sent Ethereum to the critical support level at 12.32, the same level where Ethereum's decline found ground the last six times.

More Bitcoin News

YFI flight to the moon was the beginning of a downfall

Yearn.finance has quickly become the topic of discussion in the DeFi sector and the entire crypto space. Barely a month after its launch, YFI rocketed to new all-time highs

More Yearn.finance News

Cryptocurrency projects jumping off the Ethereum ship due to high transaction fees

The beauty of the cryptocurrency is in its affordability, speed, and cost-efficiency. However, the mushrooming DeFi projects built on Ethereum cause the network overload and kill all the blockchain's advantages over the traditional banking exchange systems. 

More Cryptocurrencies News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC crystal ball gives bulls a faint flicker of hope

Bitcoin staged a healthy recovery this week. The pioneer digital currency price took off from the support area of $10,000 and touched the next psychological line of $11,000.

Read the weekly forecast

BTC

ETH

XRP