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Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 12 August

Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 12 August
FXStreet TeamFXStreet TeamFXStreet

Gold vs Bitcoin Prediction: XAU eyes $4,500 breakout, BTC dips post US CPI data

Bitcoin (BTC) is extending its decline below $64,000 at the time of writing on Wednesday, as Gold (XAU/USD) maintains its breakout momentum, trading near $4,420. The varied price action follows the release of the United States (US) Consumer Price Index (CPI) report, which broadly met market expectations.

XRP bears eye break of fragile $1.00 support

Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak. A drop below the key short-term support would further undermine recovery prospects.

Top AI Coins Forecast: Bittensor, Near Protocol gain as Wintermute plans $1B AI bet

Wintermute, a London-based algorithmic trading company and liquidity provider, is planning to invest roughly $1 billion in high-frequency trading and Artificial Intelligence (AI) data centers over the next five years.

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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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Ripple lags recovery as exchange reserves expand

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

Pi Network hits a make-or-break level amid renewed social buzz

Pi Network hits a make-or-break level amid renewed social buzz

PI is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.

Uniswap risks steeper decline as bearish signals pile up

Uniswap risks steeper decline as bearish signals pile up

Uniswap faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Cryptocurrency prices are largely consolidating, with Bitcoin hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum shows signs of recovery but remains below the $1,900 hurdle, while Ripple hovers above the critical $1.00 support and is struggling to gain momentum.

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.