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Cryptocurrencies Price Prediction: Bitcoin, The Graph and Cardano – European Wrap 20 August

Bitcoin Weekly Forecast: Adoption wades through roadblocks as BTC price targets $50,000

Bitcoin price is making a comeback after a recent pullback. This attempt will confirm if the resurgence of bulls is true by producing a higher high above the recent swing high and propel BTC higher.

BTC/USDT 1-day chart

The Graph Price Prediction: GRT stares at 70% upswing after breaching crucial level

The Graph price showed a strong move that shattered a crucial resistance level on August 20. This ascent could be a precursor to further gains in the near future.

GRT/USDT 1-day chart


Cardano catches up with Solana and Terra as ADA hits new all-time high

Cardano's market cap has crossed $79 billion, nearly 20% of the second biggest crypto, ETH. ADA rallied over 85% in August in response to the upcoming Alonzo hard fork and smart contract upgrade announcements. Cardano's competitors Solana (SOL) and Terra (LUNA) have surged by over 40% in the past two days. The Ethereum killers are competing for a larger share of the decentralized application ecosystem. 

 

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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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XRP extends breakout as ETF inflows, futures demand drive momentum

Ripple rises on Friday to trade above $1.40 as bulls aim for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday, reinforcing the bullish outlook.

Bitcoin Weekly Forecast: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.

Chainlink hits seven-month highs amid strong DeFi, institutional demand

Chainlink is up roughly 8% on Friday, pushing the price up over 20% so far this week into double digits. DeFi ecosystem records daily DEX volume of over $9 billion for three consecutive days as TVL rises to $84.76 billion.

Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflows

The cryptocurrency market remains bullish on Friday, led by Bitcoin’s surge above $77,000. Altcoins, including Ethereum and Ripple, mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.