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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 12 May

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 12 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: Much ado about nothing? Was the halving a non-event?

BTC/USD fell from $8,727.75 to $8,636.50 as the bears retained control for the fourth straight day. Bitcoin just experienced its third halving event, however, it looks like it isn’t going to be the huge bullish event that many were touting it to be. Currently, many fear that miners may quit the market due to the drop in mining profitability.

Ripple Price Analysis: These two resistances thwart XRP/USD bulls’ efforts

Ripple was at the forefront of the selloff that took place over the weekend. The bearish leg extended to $0.1750 before a shallow reversal came into play. Bulls have in the last 48 hours nursed their wounds above the short term support at $0.19. On the upside, the price movement has been capped at the 200-day SMA ($0.20).

Ethereum Price Analysis: ETH/USD stalls under the 50% Fibonacci as Bitcoin halving goes by unnoticed

Ethereum bulls are keen on nurturing a bullish trend following the recent dip to $180. Recovery was steady on Sunday with ETH/USD stepping above $190. However, selling pressure has continued to limit gains towards $200. Meanwhile, Ethereum slipped under $190 level and is valued at $187 at the time of writing.

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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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XRP stuck in tight range as whale demand, on-chain activity strengthen

XRP stuck in tight range as whale demand, on-chain activity strengthen

Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.
Bitcoin rises toward $64,000 as Coldcard exploit, strategy sales recede – ADA advances

Bitcoin rises toward $64,000 as Coldcard exploit, strategy sales recede – ADA advances

Bitcoin rose 1.6% over the last 24 hours, climbing as high as $64,160 to the highest since July 31 before retreating. The rebound followed a selloff spurred by an exploit that targeted a cold wallet over the weekend and bitcoin sales by the world’s largest corporate holder.
Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle

Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle

Bitcoin (BTC) advances above $63,000 on Tuesday, buoyed by increasing investor risk appetite. Ethereum (ETH) continues to trade under pressure below the supply range at $1,900 and above the short-term $1,800 support. At the same time, Ripple’s (XRP) upside is constrained under the pivotal $1.10 level while support at $1.00 remains intact.
US Yen intervention puts Bitcoin, risk assets on notice for liquidity flux

US Yen intervention puts Bitcoin, risk assets on notice for liquidity flux

Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further. Last week, the US and Japan conducted a rare joint intervention to prop up the yen, which had slid to 40-year lows of 164 per dollar — the first of its kind since 1998.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.