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

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

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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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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