TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Ethereum, Solana and FTT – European Wrap 7 November

Cryptocurrencies Price Prediction: Ethereum, Solana and FTT – European Wrap 7 November
FXStreet TeamFXStreet TeamFXStreet

Ethereum price action tanks over weekend as Monday starts choppy

Ethereum (ETH) price action popped higher by over 7% on Friday after the US job numbers. Traders perceived the number as positive, because it could point to the Fed slowing its murderous rampage of hiking ferociously. Instead, the penny dropped over the weekend, with traders claiming their winnings as the realisation came that the Fed will not stop just yet and will push forward, overshooting the market’s initial target for the terminal rate.

ETH/USD daily chart

Solana price: Will assurance from co-founder at Breakpoint conference help SOL?

Solana blockchain was hit by multiple outages throughout the year. Anatoly Yakovenko, co-founder of Solana addressed this issue at the Breakpoint 2022 annual conference and assured users that new updates would tackle their concerns. Analysts believe Solana price could plummet lower under a wave of fresh selling pressure. 

 
SOLUSD price chart

Bitter exchange sees $584 million worth of FTX’s native token FTT liquidated after spat between CEOs

Binance CEO Changpeng Zhao (CZ) and FTX’s Samuel Bankman-Fried have locked horns over how cryptocurrencies should be regulated. The war of words entered the financial realm after CZ announced the mass liquidation of Binance’s holdings of FTX’s native token FTT. 

FTTUSD price chart

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

Cardano Price Forecast: Whale selling, weak momentum put ADA at risk

Cardano Price Forecast: Whale selling, weak momentum put ADA at risk

Cardano nears key support zone, trading at $0.177 after correcting over 10% the previous week. The price decline is supported by whale wallet offloading ADA tokens. Meanwhile, weakening momentum indicators and bearish derivatives metrics suggest a cautious tone among traders and hint at further losses if ADA slips below key support.

Crypto Market Overview: Bitcoin holds at $63,000 – WLD, WLFI lead gains

Crypto Market Overview: Bitcoin holds at $63,000 – WLD, WLFI lead gains

Bitcoin trades around $63,000 on Monday, edging higher after a 3% decline last week. Risk-off sentiment persists in the crypto market amid Israeli attacks on Lebanon and US plans for fresh sanctions on Iran. Still, Worldcoin and World Liberty Financial are extending their near-term gains, emerging as top performers over the last 24 hours.

Top 3 Price Prediction: BTC holds critical support, ETH awaits directional move, XRP weakens

Top 3 Price Prediction: BTC holds critical support, ETH awaits directional move, XRP weakens

Bitcoin, Ethereum, and Ripple begin the week on a cautious note after slipping over 3%, 1.5%, and 3.5%, respectively, in the previous week. BTC finds support around the key $62,300 level while ETH continues to trade sideways. Meanwhile, XRP hovers around $1.00, with weakening momentum suggesting deeper losses.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC holds critical support, ETH awaits directional move, XRP weakens

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC holds critical support, ETH awaits directional move, XRP weakens

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) begin the week on a cautious note after slipping over 3%, 1.5%, and 3.5%, respectively, in the previous week. BTC finds support around the key $62,300 level while ETH continues to trade sideways. Meanwhile, XRP hovers around $1.00, with weakening momentum suggesting deeper losses.
Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.