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Cryptocurrencies Price Prediction: Cardano, Ethereum & Bitcoin – American Wrap 13 August

Cryptocurrencies Price Prediction: Cardano, Ethereum & Bitcoin – American Wrap 13 August
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: No one wants to sell as BTC and ETH consolidate in time versus price

Bitcoin price and Ethereum consolidate notable gains above critical resistance that has become support as XRP price reaches a short-term top and contemplates the next leg higher.

ADA price might dive after delay in Cardano's Alonzo hardfork

Cardano announces a delay in the Alonzo hardfork in their latest development update.  ADA price is likely to suffer the impact of the delay since earlier this month founder Charles Hoskinson slammed critics for their uncertainty on Cardano's smart contract rollout.  Smart contract launch date is set to be pushed further in September due to the latest announcement. Cardano's latest updates may negatively impact the "Ethereum killer's" price rally. 

Experts believe Bitcoin is on its way to $92,000

Bank of America outlines the benefits of adopting Bitcoin as legal tender in El Salvador, suggesting a bullish outlook on the leading cryptocurrency. Bitcoin is decoupling with gold, correlation turns negative as the bellwether cryptocurrency rallies. Bitcoin mining difficulty is up 7.3%, marking the first significant increase since the hashrate migration. 

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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: BTC retreats as macro headwinds grow

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery

XRP falls toward key support as macro uncertainty, weak momentum cap recovery

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver

Bitcoin pulls back as another golden cross fails to deliver

Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.