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

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 5 July

Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 5 July
FXStreet TeamFXStreet TeamFXStreet

XRP drops to $0.40 as Ripple and altcoins are hit by marketwide correction

Ripple (XRP) piled losses alongside top altcoins and Bitcoin early on Friday. The German government’s Bitcoin transfers and Mt.Gox payback to creditors have created uncertainty among traders and increased the pressure on Bitcoin and altcoins like XRP. 

Chart

Bitcoin Cash faces potential 24% crash as Mt. Gox starts repayments

Bitcoin Cash has dropped below the weekly support level of $378.6, marking a 20% decline this week. Currently trading around $310, marking a 6% decline on the day. Trustee Nobuaki Kobayashi's announcement of Mt. Gox's repayment plan in early July, coupled with the movement of 47,229 BTC worth $2.71 billion on Friday, indicates market fear, uncertainty and doubt (FUD) that could potentially lead to a decline in BCH prices in the coming days.

Chart

Crypto Today: Bitcoin, Ethereum and Ripple lose key support levels, extend declines on Friday

Crypto market lost nearly 6% in market capitalization, down to $2.121 trillion. Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) erased recent gains from 2024. 

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

Ripple holds EMA support as ETF inflows persist

Ripple holds EMA support as ETF inflows persist

XRP ticks up as bulls defend the 200-day EMA support at $1.35. US-listed XRP ETFs record nine consecutive days of inflows, reinforcing steady institutional interest. XRP upholds a constructive bullish bias but risks extending the correction if momentum indicators deteriorate.

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Bitcoin remains resilient above $78,000 as investors anticipate a renewed push toward $80,000. Ethereum continues to demonstrate a constructive technical setup, holding above $2,400. Ripple is exhibiting early signs of recovery near $1.37.

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin trades near $78,000 on Monday, consolidating after its recent rally as strong institutional demand continues to provide support. However, escalating Middle East tensions, rising oil prices and growing inflation concerns dampened risk appetite, which could cap the Crypto King’s upside.

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network is trading around $0.0900 on Monday, continuing its consolidation above the $0.0836 support floor. The PI Testnet has seen around 30 new tokens released under the names of leading corporations, suggesting a potential test of the DEX environment.

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.