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Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 16 October

Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 16 October
FXStreet TeamFXStreet TeamFXStreet

Bitcoin vs Gold Forecast: BTC slips under $82K, XAU eyes $4,200 amid easing rate-hike bets

Bitcoin (BTC) ticks down below $82,000 on Friday amid a tug-of-war between bulls and bears over the trend. While bulls appear to have the upper hand, backed by strong structural support, key supply levels at $84,000 and around $87,000 suggest the recovery could be an uphill battle. 

XRP ticks up as Ripple and Cross River expand stablecoin payments

Ripple (XRP) ticks up for the second day in a row on Friday, trading at $1.34. The remittance token holds above medium-term structural support; however, strong supply near $1.40 caps upside.

Bitcoin and Gold find common pressure in the Dollar trade (BTC vs XAU)

Both Bitcoin and gold kicked off October, reacting to the same catalyst, though not in the same way. At 06:27 GMT on October 5, bitcoin sat near $85,929 after earlier creeping toward $87,000. Spot gold was slightly higher at $4,153.56 per ounce at 06:31 GMT, but a stronger dollar held back its rebound. U.S. financial conditions still steer the bitcoin vs gold narrative, even though the synchronized debasement rally from August now feels like a more fragile position.

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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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Bitcoin steadies at $82,000: The five forces crushing the Uptober rally

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Crypto markets have remained under pressure so far in October, with Bitcoin sliding below $80,000 earlier this week before recovering to around $82,000 on Friday, as macroeconomic headwinds and cooling demand weigh on the market.

Ripple bulls build new support base amid RLUSD payments expansion

Ripple bulls build new support base amid RLUSD payments expansion

Ripple ticks up for the second day in a row on Friday, trading at $1.34. The remittance token holds above medium-term structural support; however, strong supply near $1.40 caps upside. A break above this area would reinforce the bullish grip.

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Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.