Cryptocurrencies Price Prediction: Cosmos, Bitcoin and Ethereum – European Wrap 12 April

FXStreet Team FXStreet

ATOM price could be set for a 36% relief rally

ATOM price has arrived at a stable foothold that has previously caused bulls to come out of the woodwork and trigger a massive uptrend. Therefore, the recent revisit to this barrier indicates the possibility of a quick run-up.

Why Bitcoin price is down today and where it will go

Bitcoin price has plummeted 13% in April 2022, and analysts have identified $38,000 as the immediate support for the asset. Millions in long positions were liquidated in the ongoing crypto bloodbath.

How likely is Ethereum price to surge to $4,000 after the recent crash

Ethereum price has arrived at a vital support level after crashing for the past week. This downswing puts ETH at a make or break point, indicating that things could go either way. However, if the big crypto continues to stumble, the smart contract token will likely follow suit.

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FXStreet Team

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Mixed signals leave XRP and XLM at crossroads

Ripple and Stellar are trading at critical technical levels on Thursday. XRP has stabilized above the psychological $1.00 support, while XLM is testing support at $0.173. Traders should be cautious as mixed derivatives metrics keep the outlook uncertain for both altcoins. Derivatives data shows mixed sentiment among traders. CoinGlass’ long-to-short ratio for XRP reads 1.02 on Thursday.

Robinhood revenue climbs 32% to record $1.3B in Q2, crypto earnings decline 38%

Robinhood hit record revenue for the second quarter of the year, with total net revenue rising 32% year-over-year to $1.31 billion, according to its earnings report on Wednesday. The exchange witnessed strong growth across equities, options and event contracts.

Bitcoin trails US Dollar as Fed holds rate steady

The Federal Reserve kept its benchmark interest rate unchanged at 3.50% to 3.75% at its July meeting on Wednesday, in line with market expectations. Minutes from the meeting showed that economic activity has been expanding at a solid pace despite elevated uncertainty. The central bank also noted that job gains have "kept pace with the workforce."

Ethereum: Can Fed decision unsettle the calmness in ETH?

Ethereum climbed above $1,900 on Wednesday following the Federal Open Market Committee's (FOMC) decision to leave interest rates unchanged at 3.50-3.75%. The decision follows a quiet derivatives and spot market for the top altcoin, with traders waiting for the decision before making a move, according to CryptoQuant analysts.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.