Cryptocurrencies Price Prediction: Shiba, Polygon & Bitcoin – American Wrap 19 July

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This is why MATIC is on a winning streak

While MATIC witnessed a rapid decline in the first half of 2022, alongside other altcoins, there has since been a spike in on-chain activity on the Polygon network. MATIC has recouped its losses and key metrics on the Polygon network point towards a continuation of the altcoin’s uptrend.

Shib Inu Price Prediction: A true bull run or the ultimate bear trap

The current uptrend in Shiba Inu price appears to be very turbulent as the bulls are finding rejection near the $0.00001200 zone. When observing the technicals, it appears that the uptrend move is part of a corrective structure. If the technicals are correct, the SHIB price could re-route south towards the monthly swing lows at $0.00000978, and if that level cannot hold as support, a retest of June’s $0.00000800 swing low is likely.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Making profit vs chasing profit

The crypto market continues to make impressive gains. All bullish trade setups should be safely managed to ensure healthy risk management. Bitcoin ascends in a turbulent fashion, which raises questions about the bullish strength. Ethereum is in profit from Monday's bullish trade setup. Open positions should be managed safely. Ripple's XRP remains dangerous as the bulls tread back into a descending weekly trend channel.

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FXStreet Team

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Mixed signals leave XRP and XLM at crossroads

Ripple and Stellar are trading at critical technical levels on Thursday. XRP has stabilized above the psychological $1.00 support, while XLM is testing support at $0.173. Traders should be cautious as mixed derivatives metrics keep the outlook uncertain for both altcoins. Derivatives data shows mixed sentiment among traders. CoinGlass’ long-to-short ratio for XRP reads 1.02 on Thursday.

Robinhood revenue climbs 32% to record $1.3B in Q2, crypto earnings decline 38%

Robinhood hit record revenue for the second quarter of the year, with total net revenue rising 32% year-over-year to $1.31 billion, according to its earnings report on Wednesday. The exchange witnessed strong growth across equities, options and event contracts.

Bitcoin trails US Dollar as Fed holds rate steady

The Federal Reserve kept its benchmark interest rate unchanged at 3.50% to 3.75% at its July meeting on Wednesday, in line with market expectations. Minutes from the meeting showed that economic activity has been expanding at a solid pace despite elevated uncertainty. The central bank also noted that job gains have "kept pace with the workforce."

Ethereum: Can Fed decision unsettle the calmness in ETH?

Ethereum climbed above $1,900 on Wednesday following the Federal Open Market Committee's (FOMC) decision to leave interest rates unchanged at 3.50-3.75%. The decision follows a quiet derivatives and spot market for the top altcoin, with traders waiting for the decision before making a move, according to CryptoQuant analysts.

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.