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Cryptocurrencies Price Prediction: Bitcoin, Ripple & Litecoin – European Wrap 23 June

Bitcoin Price prediction: BTC/USD bulls purpose to hold above $9,600 – Confluence Detector

Bitcoin bulls are hoping to reap from their effort of keeping the price above $9,600 following a retreat from weekly highs at $9,787.40. The gains in the last 24 hours are attributed to rumors that PayPal was getting ready to integrate cryptocurrency. As reported by FXStreet, PayPal is hiring two blockchain engineers who will be involved in research and technical developments.

BTC/USD price chart

Litecoin Price Analysis: LTC/USD take a break before another move towards $45.00

Litecoin (LTC) is moving within a short-term downside bias after a failed attempt to settle above $44.00. The coin is trading at $43.95, mostly unchanged both since the start of the day and on a day-to-day basis, off the recent high reached at $44.65. Litecoin is the seventh largest digital asset with the current market value of $2.8 billion and an average daily trading volume of $1.5 billion.  

LTC/USD

Ripple Price Analysis: XRP/USD motionless under $0.19 as consolidation takes point

Ripple briefly stepped above $0.19 in widespread cryptocurrency gains during the American session on Monday. The recovery occurred following a week of consolidation above the short term support at $0.1860. Prior to that, Ripple had refreshed lows towards $0.1840 support on June 20.

XRP/USD price chart by Tradingview

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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 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

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’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 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 (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.