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

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

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.

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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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Ripple correction pauses, but recovery prospects remain limited

Ripple correction pauses, but recovery prospects remain limited

XRP hovers above the critical $1.00 support level but faces diminishing recovery potential. Binance XRP futures Open Interest falls to $189 million, the lowest level in three months.

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Cryptocurrency prices are broadly consolidating near key lower support levels on Wednesday, led by Bitcoin, hovering around $74,000. Ethereum sits above $2,000 while its upside remains structurally capped. Ripple, meanwhile, holds delicately above $1.00.

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin remains in a capped tone, trading around $73,800 on Wednesday after slipping to a low of $72,727 following the previous day’s hot US inflation figures. Institutional demand continues to weaken, with BTC spot ETFs recording a $95 million outflow on Tuesday, marking the fourth straight day of withdrawals.

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink edges higher on Wednesday, taking a breather after the previous day’s 3% decline. Moody’s Rating completes the testnet pilot on Chainlink’s CCIP to distribute credit assessment data across multiple blockchain networks simultaneously.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.