Crypto News | New Bitcoin predictions

In today’s crypto news, we will be taking a look at pretty much all major cryptocurrencies. As usual, we’ll start with the biggest one – Bitcoin. According to the latest statistical data, its current price is slightly above $11,000 and will probably stay between $10,000 and $12,000. New Bitcoin predictions say that the downside momentum has decreased, but Bitcoin can’t push price any higher, so it will probably stay in the range mentioned above. On the other hand, if bitcoin’s price falls under $10,000, the selling will probably intensify. These Bitcoin predictions seem pretty confident, but the situation is dynamic, so it’s best to keep a close eye on the market this week with us.

As for Ethereum, its price is now at $1,200. Analysts think that, if the ETH/USD breaks out of $1,110, traders will probably raise the stop loss from the current levels. The range for stop loss that experts suggest is between $840 and $950, which will lower the risk of losses. We’ll continue our cryptocurrency overview with the latest information on Bitcoin Cash and Ripple. Bitcoin Cash price is in the range between $1,470 and $1,700 and it’ll probably stay that way. As for Ripple, it is trading inside the range of $0.87 and $1.74.

Besides crypto news, we bring you some other financial news, as well. The European Central Bank said that it will buy new bonds until September. It will continue to do so as long as inflation is below target. Besides that, the ECB wants to keep interest rates at low levels. Regarding the inflation, it’s above 1 percent in the Eurozone and it is expected to stay at approximately that level.

The latest piece of news today has to do with Google. The company will pump money into Go-Jek, an Indonesian start-up dedicated to food delivery, e-payment services and ride-hailing. Some of their investors are KKR, Sequoia Temesek Holdings, so it seems they have a pretty good basis to grow on.


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Author: Max Rothstein

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