|

Cryptocurrencies Price Prediction: Compound, Bitcoin & Lido — Asian Wrap 27 July

Compound price rally boosts COMP demand; nearly eclipses Stellar and Bitcoin Cash

Compound price action over the past couple of days has made its investors a very happy bunch. With every passing day, the demand for the altcoin can be seen rising to an extent where it is just shy of defeating top cryptocurrencies in this regard.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC falls back to regular programming post-FOMC

Bitcoin (BTC) price found another support following the Federal Open Market Committee (FOMC) meeting to tip north despite a lack of volatility. The sentiment is shared for Ethereum (ETH) and Ripple (XRP) prices, flashing green with lean margins. The meager surges come as Fed Chairman Jerome Powell committed to a data-dependent approach to interest rate hikes. Despite a sell-off in the US Dollar, Bitcoin price remains rangebound, with little volatility post-FOMC.

LDO price falls 6% as Lido Finance members push for dual governance model

Lido DAO (LDO) price is on a load-shedding exercise after the July 13 rally fueled by Ripple's win against the US Securities and Exchange Commission (SEC). The slump comes as the Lido Finance community deliberates a proposal intended to introduce a new tokenomics structure.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

XRP stuck in tight range as whale demand, on-chain activity strengthen
Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.
Bitcoin rises toward $64,000 as Coldcard exploit, strategy sales recede – ADA advances
Bitcoin rose 1.6% over the last 24 hours, climbing as high as $64,160 to the highest since July 31 before retreating. The rebound followed a selloff spurred by an exploit that targeted a cold wallet over the weekend and bitcoin sales by the world’s largest corporate holder.
Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle
Bitcoin (BTC) advances above $63,000 on Tuesday, buoyed by increasing investor risk appetite. Ethereum (ETH) continues to trade under pressure below the supply range at $1,900 and above the short-term $1,800 support. At the same time, Ripple’s (XRP) upside is constrained under the pivotal $1.10 level while support at $1.00 remains intact.
US Yen intervention puts Bitcoin, risk assets on notice for liquidity flux
Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further. Last week, the US and Japan conducted a rare joint intervention to prop up the yen, which had slid to 40-year lows of 164 per dollar — the first of its kind since 1998.
Bitcoin: Bulls hold the line
Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.