Cryptocurrencies Price Prediction: Terra, MATIC & Bitcoin – American Wrap 10 March

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Russia rejects Ukraine's olive branch putting cryptos in the red

Bitcoin price, Ethereum and other cryptocurrencies are on the backfoot this morning, with European traders already caught unawares by the speed of the reversal during the ASIA PAC season. Expect to see elevated selling pressure throughout the day as most EU and US traders will want to roll back their loss-making longs. This will only add to more bearish pressure in cryptocurrencies and trigger a dip back to lower levels from the beginning of the week, returning everything back to square one for this week.

XRP and Terra’s LUNA neck and neck in market cap as cryptos rebound swiftly

In the Terra community, native token LUNA’s performance is considered outstanding. LUNA’s market capitalization exceeded that of XRP briefly on March 10, 2022. Over the past month, there has been a significant inflow into the Terra ecosystem.

MATIC price rally is halted, increasing risks of crashing to $1

MATIC price made a strong attempt to initiate a bullish break of some key resistance levels over the past few days. However, buyers were stopped by clear selling pressure, giving bears the signal that another leg south was likely to commence. But bears have, yet again, not followed through, creating confusion for bulls and bears.

Author

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.

Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand

Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.

XRP slides amid risk-averse pressure and ahead of Fed rate decision

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists

Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.

Bitcoin price prediction: Is $60K back in focus as headwinds mount?

Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.

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.