Cryptocurrencies Price Prediction: Cardano, SafeMoon and Bitcoin – European Wrap 19 July

FXStreet Team FXStreet

Cardano Price Prediction: ADA spells trouble for the bulls as it eyes $1

Cardano price is stuck in the same global route as other major cryptocurrencies like Ethereum and Bitcoin. Any major favorable tailwinds are missing to break current selling sentiment and it does not look like buyers are interested in going long from current levels.

Is SafeMoon a Ponzi scheme? Investors grow concerned

SafeMoon is trending down 2% in early US trading just above the last major nearby support at $0.00000260. At the time of writing, however, the controversial token is up 2% against Bitcoin and 6% against Ethereum.

Bitcoin Price Prediction: BTC resumes downtrend to $28,700

The news from Bank of America last week stating that Bitcoin futures would be available for clients was a much-needed dose of positivity for the cryptocurrency markets. It lifted sentiment, and BTC bounced off $31,584.74, a level of importance from June 25.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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