Ahead of the US Federal Reserves FOMC meeting, Bitcoin, Ethereum, and Ripple prices brace for impact. Bitcoin witnessed an increase in sell-side activity and a retracement in its price after a week of gains. Bitcoins price is at a make-or-break point a decisive move in either direction could define the trend for the asset post the FOMC meeting.
Traders are currently on the fence; however, this is set to change with the news of an interest rate hike, as predicted by experts. Ahead of an anticipated hike, Bitcoin holders are cautious. The July 13 hike by the Federal Reserve triggered a 5% drop in Bitcoin price, and the asset recovered from the decline nearly instantly.
Bitcoin recouped its losses, and a similar reaction is expected from the asset after Wednesdays meeting. The assets run up to $28,000 is threatened by the rate hike.
In the case of the second-largest altcoin XRP, the outlook is bullish. Brad Garlinghouse is optimistic that the payment giant will win the lawsuit. A win could fuel a bullish sentiment and push XRP higher in the long term. XRP could climb to $0.38 if the altcoin sustains above support at $0.34.
Ethereum price faces a hurdle at the $1,700 level, and a drop in momentum could extend the altcoins downtrend. Ethereums price drop below the $1.595 level could affirm a bearish trend reversal in the altcoin. However, a flip above the $1,595 level is a decisive move and could push the altcoin higher.
A daily candlestick close below $1,335 could indicate a breakdown of Ethereums uptrend. This move is likely to invalidate the bullish outlook, and Ethereum could revisit the monthly low at $877.70 this is the maximum pain scenario.
Disclaimer: The views and opinions expressed in this article are solely the authors and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.
Follow this link:
Bitcoin, Ethereum, and Ripple: Bulls and Bears Battle for Control - CoinQuora - Live Crypto News
- Bitcoin r/Bitcoin - reddit [Last Updated On: September 20th, 2017] [Originally Added On: September 20th, 2017]
- Bitcoin Exchange Rate Bitcoin Live Converter Preev [Last Updated On: September 29th, 2017] [Originally Added On: September 29th, 2017]
- The Rise and Fall of Bitcoin | WIRED [Last Updated On: November 17th, 2017] [Originally Added On: November 17th, 2017]
- Bitcoin Crashes and Then Surges in Wild Weekend Action ... [Last Updated On: November 17th, 2017] [Originally Added On: November 17th, 2017]
- WeUseCoins - Official Site [Last Updated On: November 21st, 2017] [Originally Added On: November 21st, 2017]
- Bitcoin Price Index - Real-time Bitcoin Price Charts [Last Updated On: November 21st, 2017] [Originally Added On: November 21st, 2017]
- Warning Signs About Another Giant Bitcoin Exchange [Last Updated On: November 23rd, 2017] [Originally Added On: November 23rd, 2017]
- Everything you need to know about Bitcoin mining [Last Updated On: November 23rd, 2017] [Originally Added On: November 23rd, 2017]
- Bitcoin hits $13,000: The rally is back, big time - Dec. 6 ... [Last Updated On: December 7th, 2017] [Originally Added On: December 7th, 2017]
- SEC suspends trading of red-hot bitcoin stock - Dec. 19, 2017 [Last Updated On: December 20th, 2017] [Originally Added On: December 20th, 2017]
- The Bitcoin Boom: In Code We Trust - The New York Times [Last Updated On: December 22nd, 2017] [Originally Added On: December 22nd, 2017]
- Bitcoin Opacity Medium [Last Updated On: January 24th, 2018] [Originally Added On: January 24th, 2018]
- Bitcoin Forum - Index [Last Updated On: February 1st, 2018] [Originally Added On: February 1st, 2018]
- Mining - Bitcoin Wiki [Last Updated On: February 11th, 2018] [Originally Added On: February 11th, 2018]
- Bitcoin Cash - Wikipedia [Last Updated On: February 17th, 2018] [Originally Added On: February 17th, 2018]
- Bitcoin Energy Consumption Index - Digiconomist [Last Updated On: February 27th, 2018] [Originally Added On: February 27th, 2018]
- Paypal Files Patent for Expedited ... - news.bitcoin.com [Last Updated On: March 12th, 2018] [Originally Added On: March 12th, 2018]
- Bitcoin - MarketWatch.com Topics [Last Updated On: March 12th, 2018] [Originally Added On: March 12th, 2018]
- What is Bitcoin? - Definition from WhatIs.com [Last Updated On: March 13th, 2018] [Originally Added On: March 13th, 2018]
- Bitcoin and Blockchain - Bloomberg [Last Updated On: March 13th, 2018] [Originally Added On: March 13th, 2018]
- Bitcoin (BTC) price: News & Live Chart - Trading Analysis ... [Last Updated On: March 27th, 2018] [Originally Added On: March 27th, 2018]
- Will a 1099-B form work best for reporting bitcoin ... [Last Updated On: April 4th, 2018] [Originally Added On: April 4th, 2018]
- Must I pay tax this year if I transfer bitcoin from ... [Last Updated On: April 4th, 2018] [Originally Added On: April 4th, 2018]
- Standard Exchanges Bitcoin.com [Last Updated On: April 9th, 2018] [Originally Added On: April 9th, 2018]
- Bitcoin - Bitcoin Price Live, BTC Value, Mining, BTC to USD ... [Last Updated On: July 11th, 2018] [Originally Added On: July 11th, 2018]
- Things you need to know Bitcoin.com [Last Updated On: July 27th, 2018] [Originally Added On: July 27th, 2018]
- Bitcoin Dips Below $7,000, Hitting Lowest In 2 Weeks [Last Updated On: August 7th, 2018] [Originally Added On: August 7th, 2018]
- One Chart Explains Why You Should Own Bitcoin And Other ... [Last Updated On: August 12th, 2018] [Originally Added On: August 12th, 2018]
- XBT-Cboe Bitcoin Futures [Last Updated On: September 29th, 2018] [Originally Added On: September 29th, 2018]
- CoinDesk - Leader in blockchain news. [Last Updated On: October 25th, 2018] [Originally Added On: October 25th, 2018]
- Bitcoincharts | Charts [Last Updated On: November 12th, 2018] [Originally Added On: November 12th, 2018]
- Bitcoin (BTC) Price, Chart, Info | CoinGecko [Last Updated On: November 28th, 2018] [Originally Added On: November 28th, 2018]
- Bitcoin Technical Analysis - FXStreet [Last Updated On: November 28th, 2018] [Originally Added On: November 28th, 2018]
- Bitcoin Crypto-Economics Index Real-time Price Charts ... [Last Updated On: November 29th, 2018] [Originally Added On: November 29th, 2018]
- The Beginner's Guide To Bitcoin - Everything You Need To Know [Last Updated On: December 2nd, 2018] [Originally Added On: December 2nd, 2018]
- Bitcoin | Definition, Mining, & Facts | Britannica.com [Last Updated On: December 2nd, 2018] [Originally Added On: December 2nd, 2018]
- What Is Bitcoin? The Ultimate Beginners Guide To Bitcoin [Last Updated On: December 2nd, 2018] [Originally Added On: December 2nd, 2018]
- XBT - Bitcoin rates, news, and tools - xe.com [Last Updated On: December 2nd, 2018] [Originally Added On: December 2nd, 2018]
- Pay with Bitcoin Online | Use Bitcoin to Pay for Gold and ... [Last Updated On: December 2nd, 2018] [Originally Added On: December 2nd, 2018]
- Bitcoin (BTC) for beginners - Coin Rivet guide to BTC [Last Updated On: December 2nd, 2018] [Originally Added On: December 2nd, 2018]
- Bitcoin extends falls as selloff in crypto currencies ... [Last Updated On: December 2nd, 2018] [Originally Added On: December 2nd, 2018]
- Bitcoin - Investopedia - Sharper Insight. Smarter Investing. [Last Updated On: December 9th, 2018] [Originally Added On: December 9th, 2018]
- Bitcoin | Bitcoin Price | Bitcoin News | BTC | Info ... [Last Updated On: December 21st, 2018] [Originally Added On: December 21st, 2018]
- Bitcoin Price Today - Live Bitcoin Value - Charts & Market ... [Last Updated On: January 6th, 2019] [Originally Added On: January 6th, 2019]
- News - Bitcoin News - Page 952 [Last Updated On: January 7th, 2019] [Originally Added On: January 7th, 2019]
- Bitcoin price | index, chart and news | WorldCoinIndex [Last Updated On: April 25th, 2019] [Originally Added On: April 25th, 2019]
- Something Very Strange Is Going On With Bitcoin And BTC ... [Last Updated On: September 6th, 2019] [Originally Added On: September 6th, 2019]
- Will Bitcoin hit $12000 by the end of the year? - Khaleej Times [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoins $1000 Breakaway CME Gap Demands Attention From Analysts - BeInCrypto [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoin Trending On Google Next To Call of Duty, Kanye West, and Rudy Giuliani - newsBTC [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- A Bitcoin Price In The Millions? But We Have To Wait A Decade - Bitcoinist [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- No Bitcoin Price Breakout for Another Year; Heres Why - newsBTC [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoin Price Back Over $10K Following 36% Gains on the Day - Cointelegraph [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- When Will Bitcoin Sidechains Send Ethereum, Ripple, And Other Crypto Prices To Zero? - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Why the Price of Bitcoin Has Jumped 25% in Four Days - Barron's [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoin Price Surges as Bitfinex Gets Chance to Recover $850M from Crypto Capital, VanEck Expert Believes - U.Today [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoin (BTC) Price Steadies Uptrend But Another Correction Likely - newsBTC [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoin and child pornography a connection we cannot tolerate - The Dallas Morning News [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Congressman Warns Bitcoin Is A Threat To The U.S. Dollar - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- The Bitcoin Halvening Is Coming - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- China Roundup: Xis power on bitcoin, the rise of Alibabas new rival - TechCrunch [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- This U.S. Congressman Thinks Bitcoin Will Have Enormous Value And Utility Over The Long Term - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Game Is On Again For Bitcoin, ETH, XRP, And XLM - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- These Are The Only 2 Major Crypto Assets Outperforming The Bitcoin Price This Year - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Stablecoins Are The New Bitcoin In Congress - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoin Has Crashed AgainWhat Now? - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Forget ChinaIs This The Real Reason Bitcoin, Ethereum, Litecoin, And Ripples XRP Bounced? - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- After Recovery To $10,000, Bitcoin Should Hit $100,000 In 2021 - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- A Former Bank Of England Governor Warned The 2008 Crash That Inspired Bitcoin Could Happen Again - Forbes [Last Updated On: October 28th, 2019] [Originally Added On: October 28th, 2019]
- Bitcoin Bears Are Still There When You Zoom Out, Warns Analyst - BeInCrypto [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- P2P Bitcoin Trading Volume in India Explodes Past All-Time High - BeInCrypto [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Exchange Tokens Have Outperformed BTC This Year - Bitcoin News [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Coffee for Crypto? ICE to Launch Bitcoin Consumer App with Starbucks - newsBTC [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Is Edward Snowden the Anonymous Bitcoin Time Traveler? - BeInCrypto [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Latest Bitcoin Cash price and analysis (BCH to USD) - Yahoo Finance [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Bitcoin and cryptocurrencies had a very bad day - TechCrunch [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Bitcoin price prediction: China-induced surge will continue if cryptocurrency defies dreaded 'Death Cross' - The Independent [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Russia: Government Official Expects To Mine 20% Of The Worlds Bitcoin - Cointelegraph [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Bitcoin Exploded: What Now? - Forbes [Last Updated On: October 29th, 2019] [Originally Added On: October 29th, 2019]
- Bitcoin Time-Traveller: Not Really From The Future, Shock! - Bitcoinist [Last Updated On: October 31st, 2019] [Originally Added On: October 31st, 2019]