Cryptocurrencies Price Prediction: Ethereum, Terra & Bitcoin – American Wrap 09 June

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Ethereum clears key threshold to open up immense bullish potential

Ethereum price could hit $2,000 over the weekend, according to analysts bullish on the altcoin's recovery. The successful Ropsten testnet merge has fueled Ethereum holders with positive sentiment.

Terra’s Do Kwon may not face criminal charges even though LUNA 2.0 is also crashing

Terra Luna price is bringing back the pain to investors' portfolios as the price is experiencing more mudslides to start the month of June. The bears have consistently pushed the price lower and have not had trouble with vengeful bulls. If the technicals are correct, one more devastating dip could occur to fill the gap between $1.112 and $0.03.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Patience is a virtue as crypto rally gets underway

Bitcoin price, Ethereum and other cryptocurrencies are waiting to catch the right train that will bring a nice firm rally going into the summer of 2022. The start of the move looks to be delayed, however, as global markets flip-flop back and forth between risk-on and risk-off. The battle comes as bears push for lower prices on the back of a worldwide recession scenario whilst bulls want to buy the dip of a recovery trade once inflation fades. With the clashing of these two forces cryptocurrencies are in a spin. Overall, bullish pressure looks to be mounting, however, as dips get bought, and consolidations are set for a breakout higher moving forward.

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FXStreet Team

FXStreet

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.

Japanese Yen gains after hawkish Fed hold

USD/JPY trades near the 163.60 area on Wednesday, recovering from its immediate post-announcement decline as investors assess a generally hawkish Federal Reserve (Fed) monetary policy decision. The Federal Open Market Committee (FOMC) left the Fed funds rate unchanged within the 3.50%–3.75% range, as widely expected.

XRP edges up as Flare simplifies staking process

Ripple (XRP) holds modest gains, trading around $1.08 at the time of writing on Wednesday. The remittance token mirrors the general neutral-to-bullish outlook in the crypto market, as focus shifts to the Federal Reserve (Fed) rate decision. Market participants widely expect the Fed to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP post modest gains ahead of Fed rate decision

Cryptocurrency prices are broadly stable on Wednesday ahead of the Federal Reserve (Fed) interest rate decision. Bitcoin (BTC) holds above $64,000 but is struggling to sustain its rebound while Ethereum (ETH) sits above the short-term $1,900 support. Meanwhile, Ripple (XRP) is approaching the pivotal $1.10 resistance, a level that could shape the token’s upward trajectory if it is breached.

Bitcoin muted as markets fret over Fed, crypto bill

There are two main drivers for crypto this week, keeping Bitcoin trapped within its $58,000-$65,000 summer consolidation range. The cautious tone is being set by the Fed's policy decision scheduled later on Wednesday, a key catalyst for risk assets.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.