Cryptocurrencies Price Prediction: CVX, XRP & Crypto – European Wrap 17 June
Convex Finance extends gains after facing short squeeze
Convex Finance (CVX), the DeFi token, extends its rally to double-digit gains and raises 26% on Monday, as seen on Binance. Data from Coinglass shows large volume liquidation of short positions, to the tune of $722,000.
XRP stuck below $0.50 while SEC abandons demand for $2 billion penalty
XRP struggles to make a comeback above sticky resistance at $0.50 on Monday as traders continue to assess the legal skirmishes between blockchain firm Ripple and the US Securities and Exchange Commission (SEC).
Ethereum bolstered by hopes, Bitcoin waits for a signal
The cryptocurrency market has lost almost 5% over the past seven days. It has not given up important support levels but also has no significant drivers to resume growth. Bitcoin lost 4.7% over the week, in unison with the market. Ethereum lost 3%, while the top altcoins' performance ranged between -7.7% (Solana) and +11.7% (Toncoin).
Author
FXStreet Team
FXStreet
