Cryptocurrencies Price Prediction: Dogecoin, Ripple and Bitcoin – European Wrap 16 November

FXStreet Team FXStreet

Dogecoin price could reclaim $0.1 if it rises above this critical level

Dogecoin price has been following the broader market cues, but with recovery taking a while, DOGE has ended up moving sideways. This movement is expected to build bullish momentum, which could take the altcoin to $0.1000, provided it can flip these resistance levels into support levels.

XRP price shrugs off last night's events as markets await NATO statement

Ripple (XRP) price action is very muted after last night's events, while other asset classes moved more substantially. Although it looks like an accident and collateral damage from Ukraine's defense system against Russian missiles, it warns that this tail risk is still very much present and needs to be factored in. Expect to see the US session completely erase any pullbacks and expect the bullish sentiment to continue.

Could FTX's Bahamas arm bankruptcy filing and suspension of Australian license extend crypto winter?

FTX's collapse continues to spread further, even engulfing its "separate" arm in the Bahamas region. Those impacted by FTX have already faced the consequences, but the recent market crash will most likely mark the end of bearish sentiment.

Author

FXStreet Team

FXStreet

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.

Bitcoin derivatives reset as leverage cools amid subdued spot demand

Bitcoin's recent correction has reduced leverage across derivatives markets, creating a healthier structure amid weak spot trading activity, according to a report from CryptoQuant on Monday. The report stated that Bitcoin's decline over the past few weeks appears to reflect a broad futures market reset rather than the buildup of new speculative positions.

Ripple and Stellar outlook: Under selling pressure as cautious sentiment raises downside risks

Ripple and Stellar remain under selling pressure as cautious market sentiment continues to weigh on the broader crypto market. XRP struggles to reclaim the upper boundary of its falling channel, while XLM extends its decline for a fifth consecutive day.

Crypto Overview: Bitcoin holds steady as ETF outflows decline – DEXE and TIA extend gains

Bitcoin hovers above $64,000 holding steady after a roughly 4% drop last week. Data shows that institutional outflows are easing, suggesting broader market recovery potential, while DeXe and Celestia have emerged as frontrunners over the last 24 hours.

Ethereum Price Forecast: Ethlabs launches as new ecosystem steward funded by BitMine, SharpLink

Ethereum treasuries BitMine Immersion and SharpLink, alongside co-founder Joe Lubin, have partnered to fund Ethlabs, a new research and development lab for the smart contract blockchain.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.