Top 3 price predictions for BTC, ETH, and XRP, Ripple takes YouTube to court over scam videos, and DeFi ecosystem in danger due to DAI’s dominance.
Today appears to be a continuation of yesterday as U.S. stocks dropped due to oil prices continuing their unprecedented move into negative territory. The Dow Jones Industrial Average (DJIA) dropped 631.56 points (2.67%) to close at 23,018.88. The NASDAQ Composite dropped 297.50 points (3.48%) to close at 8,263.23. The S&P 500 dropped 86.60 points (3.07%) to close at 2,736.56.
The U.S. Congress and the White House agreed to a $500 billion deal that will relieve some pressure on the U.S. economy from the coronavirus pandemic. Spain’s cabinet approved measures to support its workers and businesses affected by the stringent coronavirus restrictions.
As for the news within the crypto world, some of U.Today’s major headlines include price predictions for Bitcoin (BTC), Ethereum (ETH), and XRP, Ripple taking YouTube to court over scam videos, and the Decentralized Finance (DeFi) ecosystem in danger due to DAI’s dominance.
TOP 3 Price Predictions for BTC, ETH, and XRP
Bitcoin (BTC) failed to maintain its $7,000 mark as the asset fell to $6,757. This was after BTC found support around the 50-day simple moving average (SMA) near $6,800. With the trading volume continuing to drop, the short-term bearish sentiments are becoming more apparent with each passing day. What is more, the candles have long wicks, which are a signal for an upcoming price drop close to its support level at $6,400.
The current market dilemma has affected Ethereum (ETH) more than Bitcoin, declining by 3.59% since yesterday. ETH is moving towards $160, where most of its liquidity is concentrated. If the chief altcoin touches this area, then it will retest the lower bottom of the…