Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Altcoins watch BTC contraction during transition period Bitcoin (BTC) price broke out in mid-June, s
Bitcoin (BTC) price broke out in mid-June, shocking greedy investors as the price rallied with double-digit gains. The overflows of this uptick benefitted altcoins, with the likes of Ethereum (ETH) and Ripple (XRP) also flashing green. Nevertheless, as BTC battles the consequences of an overbought market, the rest of the cryptos now risk losing most of the ground covered in the last two weeks. Read More… Bitcoin price has propelled the market into a recovery mode, with many altcoins charting remarkable rallies. The few cryptocurrencies that benefitted the most from this turned out to be the ones that were built as an alternative to Bitcoin, forked from its code. CoinShares, a firm that offers physically-backed Exchange Traded Products (ETPs) in Europe, published a report early on Monday revealing that XRP investment products observed an inflow of $240,000 from institutional investors over the past week. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…