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

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

Bitcoin and Gold Outlook: BTC slides as ETF outflows weigh, XAU gives back recent gains

Cryptocurrency prices are broadly pulling back on Monday, with Bitcoin (BTC) trading lower, below $83,000. Last week’s correction pushed BTC toward $80,000, but bulls reengaged and increased risk exposure, lifting prices near $84,000. Persistent resistance at the $87,000-$88,000 supply zone has triggered buyer fatigue, with profit-taking and ongoing macroeconomic uncertainty contributing to the current corrective move.

XRP holds 50-day EMA support amid steady ETF inflows

Ripple (XRP) is coming under intense selling pressure, trading around $1.40 on Monday. The remittance token appears to lack the required tailwind to sustain its recovery, while broader crypto market headwinds weigh on price action.

Bitcoin faces a tough macro test and ETFs bleed, where next for BTC?

Bitcoin is hovering around $83.5K as it attempts to recover from last week's dip towards $80,000, with several key macro factors in play. 

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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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Ripple defends 50-day EMA as Standard Chartered launches RLUSD custody

Ripple defends 50-day EMA as Standard Chartered launches RLUSD custody

Ripple is coming under intense selling pressure, trading around $1.40 on Monday. The remittance token appears to lack the required tailwind to sustain its recovery, while broader crypto market headwinds weigh on price action.

NEAR Protocol rally stalls below $6 amid firm ETF inflows

NEAR Protocol rally stalls below $6 amid firm ETF inflows

NEAR Protocol is down 3% at press time on Monday, ticking lower after rallying 30% over the last three days as buying pressure eases. The recovery aligns with Bitwise’s NEAR-focused ETF recording its second weekly inflow of over $13 million last week.

Bitcoin struggles as ETF outflows, geopolitical uncertainty weigh

Bitcoin struggles as ETF outflows, geopolitical uncertainty weigh

Bitcoin steadies around $83,600 at the time of writing on Monday, after a 3.1% decline last week. Institutional demand shows weakening signs, with spot ETFs recording $681.10 million in net outflows last week, ending a three-week streak of inflows.

Crypto Today: Bitcoin, Ethereum and XRP face recovery headwinds as ETF outflows weigh

Crypto Today: Bitcoin, Ethereum and XRP face recovery headwinds as ETF outflows weigh

Cryptocurrency prices are broadly consolidating on Monday, with select tokens such as Ethereum slowly edging higher above $2,500. Bitcoin holds above $84,000 as bulls battle seller congestion, while Ripple consolidates around $1.40.

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.