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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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Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network Price Forecast: PI risks another lower leg as the broader crypto market slips

Pi Network is trading in the red on Thursday, retreating toward a near-term support around $0.0740. The Fear and Greed Index declines to 43 on Thursday, while total liquidations exceed $350 million over the last 24 hours, suggesting a deterioration in investors' risk appetite and a sell-side bias. The technical outlook for PI is bearish, with selling pressure building.

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar outlook: XRP and XLM lose ground as hawkish Fed tone weighs

Ripple and Stellar remain under pressure on Thursday as bearish derivatives positioning and on-chain signals weigh on sentiment. XRP slides toward key support at $1.30, while XLM gives back some of its recent gains. Meanwhile, the Federal Reserve held interest rates unchanged at 3.75%-4.00% at its two-day October policy meeting.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano Price Forecast: ADA extends bearish reversal as sell-side pressure intensifies

Cardano (ADA) faces intense selling pressure, with over 4% losses so far on Thursday, pushing the price below $0.2000. The sell-off aligns with the broader cryptocurrency market pullback after the US Federal Reserve (Fed) decided to pause the federal funds rate at 3.75%-4.00% on Wednesday.
Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.