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Cryptocurrencies Price Prediction: Bitcoin, TRON and Ethereum – European Wrap 20 October

Cryptocurrencies Price Prediction: Bitcoin, TRON and Ethereum – European Wrap 20 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Can BTC rally before the next Fed meeting?

Bitcoin price seems to be reacting extremely well to the Fed’s decision to raise interest rates. A part of this connection can be attributed to the high correlation with the stock market. Additionally, high-impact macroeconomic news which affects the traditional markets is also having a noticeable impact on BTC.

BTC/USDT 1-hour chart

TRON Price Prediction: TRX buyers hold off the bears but not for long

TRON price is in a multi-year pattern with serious bearish implications. This pessimistic outlook, however, is not written in stone and could change if buyers come in at the right time.

TRX/USDT 1-day chart

Ethereum price action grinds lower as bearish triangle remains in play

Ethereum price action barely slipped 2% on Wednesday as the weekly performance of the second biggest cryptocurrency turned negative. Tail risks inflated quite rapidly on the back of turmoil in the UK government whilst its economy flirted with collapse. A campaign of massive continuous bombings by Russia in Ukraine didn’t help either. With these elements still highlighted  the mood remains risk-off, triggering a cash exodus out of cryptocurrencies.

 ETH/USD Daily chart

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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: Binance security breach and hawkish Fed push BTC lower

Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations

Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations

Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets

Crypto traders betting on higher prices had about $1.29 billion in positions forcibly closed over the past 24 hours, as the selloff following Binance’s security breach pushed bitcoin, ether and smaller tokens lower. Total liquidations reached $1.53 billion by Friday morning in Asia, according to CoinGlass. Long positions, bets that prices would rise, accounted for 83.8% of the total.
Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach

Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach

Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.
Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.