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Cryptocurrencies Price Prediction: Safemoon, Cardano & Bitcoin — Asian Wrap 21 September

Cryptocurrencies Price Prediction: Safemoon, Cardano & Bitcoin — Asian Wrap 21 September
FXStreet TeamFXStreet TeamFXStreet

Safemoon Price Prediction: A Stairway to Hell

Safemoon price has been descending in turbulent fashion throughout the summer. A breach of the swing low established in May could catalyze a sharp decline. Safemoon price has been a lagging cryptocurrency throughout the summer.


Cardano Price Prediction: ADA is not out of the woods just yet

Cardano price could be setting up for a sweep-the-lows event in the coming days; Countertrend day traders should be wary of the trend. Cardano price shows a steep decline, which could extend further. ADA price has fallen over 70% since the most recent upswing was established from the $0.438 low.


Colorado begins accepting Bitcoin for tax payments as BTC sinks below $19,000

The global crypto adoption streak continues, with the Colorado government now welcoming the payment of all kinds of taxes using cryptocurrencies. Although since the broader market condition is not necessarily improving, this facility might not see a lot of takers.

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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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Zcash Price Forecast: ZEC poised for a rebound as momentum recovers

Zcash Price Forecast: ZEC poised for a rebound as momentum recovers

Zcash is up 4% on Wednesday, extending the 4% rise from the previous day and paring Monday’s 8% loss. Grayscale’s ZEC-focused Exchange-Traded Fund is facing selling pressure, with over $5 million in outflows on Tuesday. The technical outlook for ZEC is now mixed, with a bearish bias as upside momentum gains strength.

Top 3 Price Predictions: BTC eyes $85,000, ETH holds support, XRP stabilizes

Top 3 Price Predictions: BTC eyes $85,000, ETH holds support, XRP stabilizes

Bitcoin, Ethereum, and Ripple show signs of recovery on Wednesday as buyers try to regain control after their recent market weakness. BTC extends its rebound toward the $85,000 resistance, while ETH and XRP find support around key levels.

Strategy (MSTR) bitcoin buying model faces scrutiny as STRC costs climb

Strategy (MSTR) bitcoin buying model faces scrutiny as STRC costs climb

Strategy’s STRC financing strategy increased its Bitcoin holdings in H1, but made its capital structure more expensive, prompting an examination of its effectiveness, according to a Tuesday report by K33. STRC recovered close to its $100 par value, closing at $99.90 after an extended period of heavy buybacks.

Bitcoin pressured by rising yields as equities draw strength from earnings expectations

Bitcoin pressured by rising yields as equities draw strength from earnings expectations

Bitcoin is seeing a TradFi capital exodus as rising US Treasury yields weigh on digital assets, while equities draw strength from expectations of strong corporate earnings, according to Wintermute. The loss came as Bitcoin fell 3.2% last week, while Ethereum declined 7.0% and altcoins dropped 2.9%.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.