Cryptocurrencies Price Prediction: Bitcoin, Stellar Lumens & Cosmos — Asian Wrap 11 November

FXStreet Team FXStreet

Bitcoin price rebounds by 14% as US inflation eases

Bitcoin price is witnessing an applaudable retaliation following the monsoon-style crash experienced earlier in the week. As the price ascends, investors question whether or not a secure market bottom is in. Key levels have been identified to gauge BTC's next potential move.

XLM price recovers after massive sell-off aided by two stablecoins launching on Stellar

Stellar price appears to be crawling back from the abyss after massive widespread declines were witnessed across the crypto market. The cross-border money remittance token tagged support at $0.0796 before rebounding to trade slightly above $0.1000.

Cosmos price almost halfway from paring back losses from FTX meltdown

Cosmos (ATOM) price action has undergone a sharp correction of almost 35% since Tuesday. Titles like the Texas Chainsaw Massacre, IT or Terrifier 2 come to mind if the meltdown needs to be compared with a movie genre. It also fits the price action as traders were not surgical but simply chopping and axing their positions out the door.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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