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Cryptocurrencies Price Prediction: Bitcoin. XRP & Crypto – European Wrap 17 October

Cryptocurrencies Price Prediction: Bitcoin. XRP & Crypto – European Wrap 17 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: Recent rally fuels “Uptober” hopes

Bitcoin (BTC) is trading slightly down around $67,000 on Thursday after a 7.5% rally since Monday. CryptoQuant’s weekly report supports continued upward momentum for the main crypto asset, highlighting the increasing demand for BTC in a week in which US-listed spot ETFs have registered inflows for three consecutive days. Rising demand and reports pointing that BTC price could further increase have fuelled optimism around the “Uptober” narrative, as October has traditionally been a strong month for investors. 

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XRP climbs above $0.54 as Ripple prepares for lengthy SEC lawsuit and appeals process

Ripple (XRP) trades above $0.5400 on October 16, Wednesday. The Ripple Swell event announcements and Securities & Exchange Commission (SEC) vs. Ripple lawsuit’s appeal process and its timeline are the key market movers for the altcoin. 

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The crypto market stabilises at the top

The cryptocurrency market remains steady at around $2.31 trillion in market capitalisation, mirroring the local highs of late September, while Bitcoin continues to climb. The pause in overall growth has led to a 2-point dip in the Cryptocurrency Market Sentiment Index, now at 71—still reflecting high-level greed.

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