Cryptocurrencies Price Prediction: Chiliz, Ethereum and Bitcoin – European Wrap 28 November

FXStreet Team FXStreet

Chiliz price dangles above abyss, ready to plunge below $0.14

Chiliz (CHZ) price could not catch a break over the weekend as social unrest flared up in China, battering trader sentiment on Monday morning in the ASIA PAC session.

Ethereum price dips as China triggers risk-off wave

Ethereum (ETH) price saw a lackluster weekend regarding its price action and performance. On Saturday, some hopes were there that the pivotal level at $1,243 could get a test, but bulls never made it up that far. Instead, prices slipped lower on Sunday, and this morning, on the back of widespread social unrest in China that is hardly ever seen, overall markets are choosing to go with a risk-off tone for today.

Bitcoin price tanks as Covid protests erupt in China, pushing investors into risk-off mode

Bitcoin price saw a sudden sell-off on November 28 after a consolidative weekend. This bearish outlook comes as major protests erupt in China due to Covid restrictions. As a result of the growing unrest in the east, investors seem to be heading into a risk-off mode, pushing safe-haven assets like the US Dollar, bonds, and Yen higher.

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