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Cryptocurrencies price prediction: BTC, Ripple & Crypto Market - American Wrap - 10 06

Cryptocurrencies price prediction: BTC, Ripple & Crypto Market - American Wrap - 10 06
FXStreet TeamFXStreet TeamFXStreet

XRP price at crossroads as Ripple bolsters Asia-Pacific investment

Ripple (XRP) is slowly losing its grip on the uptrend printed on Monday, following last week's sell-off. The faltering trend can be attributed to the lack of conviction in the recovery eyeing gains toward $3.00 and lethargic sentiment surrounding the token.

AI tokens hold gains as Meta agrees to pay $15 billion for 49% stake in Scale AI

Meta Platforms Inc (NASDAQ: META) is reported to have agreed to pay $15 billion toward the acquisition of a 49% stake in the data labeling startup Scale AI. Based on reports emerging on Tuesday, Meta could strengthen its position in the artificial intelligence (AI) sector, currently dominated by other Big Tech companies, including OpenAI, Nvidia and Microsoft. 

Bitcoin lags S&P, Ethereum is pumping up with new money

The paths of Bitcoin and US stock indices seem to have diverged in June. The S&P 500 rose for several consecutive trading sessions thanks to the de-escalation of trade conflicts, the strength of the US economy and positive corporate reporting. The first digital coin came under pressure due to capital flowing to Ether, doubts about the effectiveness of new stablecoins legislation and conflicts of interest.

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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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Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano reclaims trading above the key support zone on Monday after a 2.85% correction last week. Improving derivatives positioning and constructive technical outlook support a recovery for ADA. Derivatives data shows an improving sentiment among Cardano traders. CoinGlass’ long-to-short ratio for ADA reads 1.01 on Monday, flipping into green territory.

Zcash Price Forecast: $30 million ETF outflows weigh on mild ZEC recovery

Zcash Price Forecast: $30 million ETF outflows weigh on mild ZEC recovery

Zcash trades around $1,278 at press time on Monday, holding the previous day's 4% gains and showing a steady recovery over the last three days. Institutional demand for Zcash remains low, with Grayscale’s ZEC-focused Exchange Traded Fund recording $30 million in outflows last week.

Top 3 Price Prediction: BTC reclaims $83,500, ETH takes back 50-day EMA, XRP holds support

Top 3 Price Prediction: BTC reclaims $83,500, ETH takes back 50-day EMA, XRP holds support

Bitcoin takes back $83,500 on Monday after a sharp correction, with the Crypto King slipping below $81,000 the previous week. Ethereum and Ripple followed BTC’s footsteps, recovering and reclaiming the $2,500 and $1.400 marks after a pullback last week.

Ethereum Price Forecast: Weakening derivatives and US sentiment keep ETH below $2,500

Ethereum Price Forecast: Weakening derivatives and US sentiment keep ETH below $2,500

Ethereum saw a brief recovery on Friday, up 3% over the past 24 hours, but remains below the $2,500 key level as derivatives continue to show weakness. Open interest, the total value of outstanding contracts in a derivatives market, briefly rose to 13.29 million ETH earlier on Thursday as prices fell, before retreating to 12.83 million ETH.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.