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Cryptocurrencies Price Prediction: Bitcoin, Stellar & Ethereum – American Wrap 13 October

Cryptocurrencies Price Prediction: Bitcoin, Stellar & Ethereum – American Wrap 13 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin has a ‘dark forest’ of its own, and it has to do with brainwallets

Using weak seed phrases means instant loss of funds on the Bitcoin network.

The concept of a blockchain "dark forest" has been popularized recently by Ethereum and the existence of front-running bots that will copy any profitable transaction pending for submission.

Stellar Price Prediction: XLM facing a potential pullback in the short-term

Stellar gained around $230 million in market capitalization over the past week after a significant bull move from $0.07 to a peak of $0.079 on October 12. It seems that XLM could be facing some short-term resistance, according to numerous indicators. 

Ethereum price rally towards $400 & “Digital Euro” prospects

The ETHUSD price swing shows a continued rally towards the $400 level, near the 50% Fib retracement at $394.32.

The price of Ethereum (ETHUSD) is at $388, approaching the high of $394.32 formed on September 17. The main reason that seems to be driving Ethereum today is the fact that the USD is still under broad pressure, and it may continue. Goldman Sachs said they expect the Greenback to remain under pressure as Biden’s chances of winning the election continue to increase. The USIndex remains neutral.

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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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Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery

XRP falls toward key support as macro uncertainty, weak momentum cap recovery

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver

Bitcoin pulls back as another golden cross fails to deliver

Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.