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Cryptocurrencies price prediction: XRP, Bitcoin & Gold – American Wrap 13 July

Cryptocurrencies price prediction: XRP, Bitcoin & Gold – American Wrap 13 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin vs Gold Outlook: Sell-off fears intensify as Middle East tensions escalate

Bitcoin (BTC) and Gold (XAU) remain under pressure at the time of writing on Monday. The Crypto King has slipped below $63,000, while XAU approaches the psychologically important $4,000 support level.

Can Bitcoin hold $60k through a crucial week?

Bitcoin is falling at the start of the new week, slipping below 63k and giving back last week's gains. Sentiment has turned more cautious amid renewed hostilities between the U.S. and Iran and ahead of a key week with U.S. inflation data, Federal Reserve Chair Kevin Warsh's testimony before Congress, and the latest developments surrounding the CLARITY Act. 

XRP's bearish structure threatens key support

Ripple (XRP) remains in a dominant bearish trend, trading at $10.08 as of Monday. This marks the third straight day the remittance token has extended its correction, with targets at the next key support levels of $0.04 and $1.00, respectively.

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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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