Bitcoin $36943, Ethereum Classic $80, Ripple $0.968. Cryptocurrencies Price Prediction – European Wrap

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Bitcoin price seems to be recuperating from the losses witnessed last week. While institutional investors’ ETF applications are helping bolster the adoption curve and hasten the process, several on-chain metrics combined with the developments surrounding regulating BTC mining in China and Iran has put a nail in the recovery’s coffin.

BTC/USD 1-day chart

Bitcoin price has begun its ascent, but Ethereum price leads the Monday’s rally after hitting a new all-time high today. XRP, on the other hand, is coiling up after its first run-up.

BTC/USD 1-day chart

 

XRP price is currently trading under multiple barriers that are restricting its moves. A retracement seems likely if the bulls fail to slice through these blockades

XRP/USDT 1-day chart

 

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