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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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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 tests key support with elevated on-chain activity as whale selling threatens rally

XRP tests key support with elevated on-chain activity as whale selling threatens rally

XRP tests $1.40 support and rises to trade at $1.43 on Wednesday as the crypto market broadly consolidates. XRP faces profit-taking risk, as whales increasingly sell following last week’s rally.



Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens

Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens

Bitcoin hovers above $78,000 on Wednesday, struggling to advance beyond $80,000 after its strongest weekly rise in three years. BTC ETFs recorded their seventh consecutive day of inflows, totaling $314 million on Tuesday, amid whales rotating $5 billion into tax-deferred swaps.

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up

Bitcoin has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.

Hyperliquid eyes record high on rising revenue, ETF inflows

Hyperliquid eyes record high on rising revenue, ETF inflows

Hyperliquid is up 4% on Wednesday, with bulls eyeing a new record high above Sunday’s high at $83.30. HYPE-focused ETFs recorded $7.51 million in inflows on Tuesday, up from $5.74 million the previous day.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.