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

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

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.

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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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