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Cryptocurrencies Price Prediction: Bitcoin, Shiba Inu and Cardano – European Wrap 10 March

Bitcoin Weekly Forecast: BTC liquidates $300 million positions as it slips below $20,000, is the crash done?

Bitcoin price witnessed a steep correction that has knocked it below a key psychological level. The massive sell-off caused $303 million worth of liquidations in the last 24 hours as traders were caught off guard. But the long-term outlook shows that BTC is right where it should be. There is a chance for a recovery rally to originate, but investors should not hold their breath.
BTC/USDT 1-week chart

Dogecoin, Shiba Inu and Dogelon Mars continue bleeding as crypto market braces itself for FTX-like collapse

Shiba-Inu-themed meme coins Dogecoin (DOGE), Shiba Inu (SHIB) and Dogelon Mars (ELON) are bleeding alongside large market capitalization assets like Bitcoin and Ethereum. Amidst the rising uncertainty with the voluntary liquidation of crypto-friendly Silvergate bank and macroeconomic outlook, the overall crypto market cap has declined to $946 billion. 

Shiba Inc supply on exchanges

Cardano Price Forecast: ADA eyes 13% drop as crypto markets buckle under bearish pressure

Cardano (ADA) price is seeing its most important audience leaving price action at large. Medium-term investors are heading for the exit as several dark clouds form above the cryptocurrency industry. Already two banks have collapsed in the US. The uncertainty is making investors choose cash instead of leaving it at risk in Cardano.

ADA/USD  4H-chart    

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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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CFTC Chairman pushes for crypto regulations as agency seeks public comments on proposed rules

Commodity Futures Trading Commission Chairman, Michael Selig, said the agency will move ahead with crypto market regulations after Congress failed to advance legislation that would have established a broader framework for digital assets.

Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

Ripple and Stellar face pressure trading below $1.499 and $0.220, respectively, after a modest correction at the start of the week. Traders should be cautious as weakening derivatives metrics and fading bullish momentum suggest further corrections for XRP and XLM. Derivatives data shows a weakening and cautious signal among traders.

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

Zcash hovers around $1,348 sustaining its mild gains from Sunday. The network upgrade NU7 went live on Monday, boosting transaction speed and redirecting 60% of transaction fees into future rewards. The institutional outflow eased to roughly $3.50 million on Monday, down from $93.56 million last week, suggesting reduced pressure from redemptions.

Ethereum Price Forecast: BitMine scoops extra ETH tokens following Q3 outperformance
Ethereum (ETH) treasury firm BitMine Immersion continued its buying streak of the top altcoin last week. The firm acquired 15,112 ETH, lifting its holdings to 6.016 million ETH, representing 4.9% of ETH's circulating supply and worth $16.16 billion at the time of writing. That brings the company roughly 98.5% closer to acquiring 5% of ETH's supply, a goal it tags "Alchemy of 5%."
Bitcoin: Is BTC setting up for an Uptober rally?
Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.