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Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 06 November

Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 06 November
FXStreet TeamFXStreet TeamFXStreet

Bitcoin and Gold Outlook: BTC tests $75K, XAU drops as US Nonfarm Payrolls rise to 165K in October

Bitcoin (BTC) and Gold (XAU/USD) are trading lower on Friday, reflecting a strengthening bearish outlook in markets. The Crypto King hovers around $76,000, down 0.98% on the day and nearly 4% since Monday. Meanwhile, the metal edges lower below the $4,050 threshold, and far below its weekly high of $4,147.

Ripple Price Forecast: XRP nears oversold territory as traders eye buying opportunities

Ripple (XRP) remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the United States (US) midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

What is happening to Bitcoin price? Inside the shocking 48 hours

Bitcoin's election rally lasted barely a day. After climbing above $80,800 following Tuesday's US midterms, the cryptocurrency plunged toward $75,500 on Thursday, November 5.

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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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Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.