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Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 06 Feb

Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - Asian Wrap 06 Feb
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Prediction: BTC/USD flies up and settles above $9,500

BTC/USD flew up from $9,165.30 to $9,625.25 as bulls took control this Wednesday. The price has settled down to $9,575 in the early hours of Thursday. The daily confluence detector shows us that there is a strong resistance level at $9,580. 

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Ripple Price Analysis: XRP/USD bears step in this Thursday to correct an overpriced market

XRP/USD dropped from $0.278 to $0.276 in the early hours of Thursday. Before this, the bulls had full control for five straight days, during which XRP/USD flew up from $0.2395 to $0.278. During this upward movement, XRP/USD climbed above the 20-day Bollinger band.

Ethereum Price Analysis: Shots fired as ETH/USD breaks above $200, Can the bulls hit highs at $220?

Ethereum price has not been left behind as it has crossed above the critical $200 barrier for the first time since November 2019. However, the cryptocurrencies live rates show Ethereum bulls starting to feel the pressure from the bears.

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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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XRP consolidates as inflows and volume climb

XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.
Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.
South Korea crypto volumes shrink as retail investors shift to stocks

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.
Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.