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Cryptocurrencies Price Prediction: Bitcoin, TRON & Ethereum – European Wrap 6 May

Cryptocurrencies Price Prediction: Bitcoin, TRON & Ethereum – European Wrap 6 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Analysis: BTC/USD obstructed path to $9,500 delays pre-halving rally – Confluence Detector

Bitcoin price has only managed to hit highs of $9,075 on Wednesday amid a stalemate between the bulls and the bears. The level at $9,000 remains the crypto’s key pivotal point. On the downside, BTC/USD has touched intraday lows of $8,922. The European session is likely to turn bullish as volatility returns to the market. Other major cryptocurrencies such as Ripple and Ethereum lead the bullish action with gains of 1.17% and 1.18% respectively.

fxsoriginal

Tron Price Analysis: TRX/USD bounces off key support range

The choppy price movements between $0.0150 support and the critical resistance at $0.0164 seem to be supported by the RSI’s horizontal motion at 55. However, the MACD’s downward movement and the bearish divergence hint that selling influence is still present and could overshadow the buyers’ efforts. In this case, a reversal to the key support range is still on the table.

trx/usd price chart

Ethereum Price Analysis: ETH/USD is ready to break from the triangle pattern

ETH/USD is changing hands at $209.76. The second-largest digital asset has recovered from the intraday low of $202.14 and gained over 2% since the beginning of the day. Ethereum is moving within a short-term bullish trend amid high volatility. The coin’s market capitalization is registered at $23.3 billion, while an average daily trading volume is set at $19 billion. 


ETH/USD

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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.