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Cryptocurrencies Price Prediction: Ethereum, Shiba & Bitcoin – American Wrap 27 January

Cryptocurrencies Price Prediction: Ethereum, Shiba & Bitcoin – American Wrap 27 January
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto losses contained as markets rebound

Bitcoin dipped in the US trading session after the Fed gave markets the message that they expect to make more rate hikes in 2022g. Since then, however, price action has been kept very much contained by bulls. We see a similar pattern in the other two majors, Ethereum and Ripple, with each finding strong support around a technical element, and the Relative Strength Index (RSI) flatlining, and thus paving the way for bulls to start an uptrend.

Bitcoin struggles against resistance as bulls keep their eye on $40,000

Bitcoin price action faced intense selling pressure after the Fed’s decision, with Bitcoin losing more than 5% from its Wednesday high. If the sell-off from the top wasn’t discouraging enough for bulls, then the daily close in the red certainly added insult to injury. However, a significant sell-off and bearish continuation move have not developed – yet.

Whale accumulation of $88 million in Shiba Inu could not prevent further price decline

Shiba Inu developers revealed the memecoin’s plans for entering the metaverse with “Shibverse.” The Dogecoin-killer’s price continued to drop despite accumulation by whales and news of its entry in the metaverse. 

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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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Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower

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Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
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Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.
Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

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