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Cryptocurrencies Price Prediction: Botcoin, Ripple and Axie Infinity – European Wrap 7 September

Cryptocurrencies Price Prediction: Botcoin, Ripple and Axie Infinity – European Wrap 7 September
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC remains strong while altcoins falter

Bitcoin price has been on a tear with its recent ascent. However, the same cannot be said for Ethereum, Ripple or other altcoins that are showing signs of a sell-off.

BTC/USDT 1-day chart

XRP drops 5% on high volume, but analysts aim for 120% gain

Despite dropping about 5% on September 7, XRP is rallying in the second leg of bull run led by Ethereum-killer projects, and analysts expect the altcoin to post over 120% gains in the current cycle.

Axie Infinity price fails to regain support, increasing risk of 18% pullback

Axie Infinity price showed incredible bullish momentum during July and August. Although September started out on a good note, things might be coming to an end for AXS.

AXS/USDT 1-day 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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XRP ticks up as risk-off mood, weak ETF demand cap recovery

XRP ticks up as risk-off mood, weak ETF demand cap recovery

Ripple (XRP) rebounds above $1.23 from support at $1.20 at the time of writing on Wednesday, as the broader cryptocurrency market pares losses triggered by escalating tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East

Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East

The cryptocurrency market remains largely under pressure on Wednesday amid escalating tensions in the Middle East. After plunging from its May high of $82,823, Bitcoin (BTC) is showing signs of stabilization, consolidating above the key $67,000 support level.

Bitcoin takes a breather above $65,000 amid swelling institutional pressure

Bitcoin takes a breather above $65,000 amid swelling institutional pressure

Bitcoin hovers above $67,000 as of Wednesday, taking a breather after over 6% loss the previous day. Whales are reducing their BTC holdings, likely influenced by the 12-day streak of ETF outflows.

Ondo extends gains, defying the broader market crash

Ondo extends gains, defying the broader market crash

ONDO extends gains on Wednesday, after rising 9% the previous day. Early access to Ondo Perps, offering 24/7 perpetual futures on US stocks, ETFs, and commodities, fuels the recovery.

Billions in ETF outflows don’t bode well

Billions in ETF outflows don’t bode well

Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.