|

Cryptocurrencies Price Prediction: Ethereum, Ripple & Bitcoin — Asian Wrap 26 August

Ethereum bulls could stage 30% rally following Fed Chair's keynote, withdrawing over 284K ETH from exchanges

Ethereum is up over 6% on Friday as bulls have initiated heavy buying pressure following indications from US Federal Reserve (Fed) Chair Jerome Powell that an interest rate cut is imminent.

XRP trades above $0.60, Ripple whales shed token holdings

Ripple (XRP) trades close to $0.60, a key psychological level for the altcoin. Ripple whales shed their holdings while retail investors accumulate the altcoin. 

Here's why Bitcoin and the crypto market rallied after Fed Chair's speech

Bitcoin (BTC) has gained nearly 5% alongside a rally across the crypto market in the past 24 hours following indications of interest rate cut from Federal Reserve (Fed) Chair Jerome Powell's keynote on Friday morning.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Uniswap extends rally amid Arc stablecoin liquidity partnership

Uniswap approaches $3.00 at the time of writing on Tuesday, extending its rebound for the sixth consecutive day. The rebound aligns with the broader risk-on mood in the crypto market, with Bitcoin trading above $67,000.

Crypto Today: Bitcoin extends recovery above $66K as Ethereum and XRP lose momentum

Bitcoin holds above $66,000, seemingly poised to extend its rebound, supported by growing retail demand. Ethereum struggles near the $1,800 short-term supply range despite a strengthening derivatives market.

Bitcoin rebound driven by fading selling pressure as demand remains subdued

Bitcoin extends its recovery, trading above $66,500 on Tuesday, marking four consecutive days of green candlesticks. Report highlights that BTC is staging a tentative relief bounce from deeply oversold conditions, suggesting stabilization rather than a trend reversal.

Zcash, Near Protocol, Hyperliquid regain bullish momentum after Arthur Hayes exit

Zcash, NEAR Protocol, and Hyperliquid edge higher on Tuesday, extending their recovery so far this week. Retail and institutional demand heats up for altcoins, fueling a rebound as prices fully absorb the impact of Arthur Hayes's exit.

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.