Cryptocurrencies Price Prediction: Crypto.com, Bitcoin and Ethereum – European Wrap 24 February

FXStreet Team FXStreet

Cronos price could get washed away as bulls cling to Goldilocks outlook toward $0.10

Cronos (CRO) price is set to face some short-term headwinds as markets enter a very difficult phase for 2023. After roughly two months into this new year, it is becoming clear that markets remain eager to stay positive and push risk assets up to higher heights. In comparison, central banks are pushing against risk assets to limit the risk of inflation taking off again.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Traders sweat as PCE numbers could bear upbeat surprise

Bitcoin price, Ethereum and other cryptocurrencies are gearing up for a significant economic data point out of the US this Friday. The Personal Consumption Expenditures index or PCE is the preferred instrument from the Fed to measure the underlying inflation in the US. After an upbeat surprise out of Europe this week, where final inflation numbers were revised higher, the US PCE could also reveal an uptick.

Ethereum price hints at pullback as centralization risks are likely to emerge after Shanghai upgrade goes live

Ethereum (ETH) price shows a lack of bullish momentum after its new rally formed a local top. This exhaustion led to a minor retracement that caused ETH to flip a recently formed support level into a resistance barrier. Going forward, investors need to exercise caution to not get caught in the choppy price action.

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FXStreet Team

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Top 3 Price Prediction: BTC consolidates gains, ETH defends support, XRP nears breakout trigger

Bitcoin, Ethereum and Ripple begin the week on a constructive note as the top three cryptocurrencies attempt to extend rebounds after recovering nearly 4%, 2% and 2.6%, respectively. BTC steadies around $65,600, ETH continues to hold firmly above the key $1,700 support, while XRP nears the upper boundary of the falling channel pattern.

Ethereum Price Forecast: ETH struggles below $1,700 amid subdued on-chain users and capital outflows

Ethereum rises, albeit gradually, toward $1,700. The smart contract token reflects a marginal increase in buyers seeking to re-engage at lower price levels, following the massive drawdown from mid-May, which was largely driven by geopolitical tensions in the Middle East and macroeconomic uncertainty.

XRP clings to support as derivatives interest cools

Ripple hangs on to $1.14 support, extending its rebound from its early-week support at $1.10 and June’s low of $1.05. Maintaining this short-term support level is vital for the remittance token to preserve its bullish momentum, with a decisive breakout above $1.20 likely to signal further upside potential.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels. Bitcoin hovers around $63,500 amid a capped upside. Ethereum eyes a breakout past $1,700, while XRP hovers above $1.40.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.