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

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

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.

CHZ/USD daily chart

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.

ETH/USD daily chart

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.

BTC/USDT 4-hour chart

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FXStreet Team

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.

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XRP recovery capped by EMA resistance as network growth moderates

XRP recovery capped by EMA resistance as network growth moderates

Ripple gains momentum and trades above $1.35 on Tuesday, aligning with the broader cryptocurrency market recovery. Crypto majors, including Bitcoin and Ethereum, hold above Monday's weekly lows, suggesting bulls are staging a broad comeback.

Top Altcoins Price Forecast: Ethereum, Ripple, Hyperliquid attempt recovery as bearish risks persist

Top Altcoins Price Forecast: Ethereum, Ripple, Hyperliquid attempt recovery as bearish risks persist

Ethereum recovers above $2,500, up nearly 3% on Tuesday after falling over 3.50% the previous day. Ripple is up 2% on Tuesday, testing a rising support trendline near $1.33 amid risks of a bearish breakout.

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite capital outflows via ETFs

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite capital outflows via ETFs

Cryptocurrency prices are broadly recovering on Tuesday, as bulls stage a comeback. Bitcoin leads the bullish return, rising above $84,000 ahead of the US CPI report on Wednesday. Altcoins, including Ethereum and Ripple, appear neutral to bullish.

Bitcoin rebounds despite cautious sentiment

Bitcoin rebounds despite cautious sentiment

Bitcoin rebounds over 2%, trading above $83,500 at the time of writing on Tuesday, recovering the losses from the previous day. Institutional demand shows signs of weakness, with spot ETFs recording $65.40 million outflows on Monday, while Strategy added 250 BTC to its reserve.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.