Top 3 Price Prediction for Bitcoin, Ethereum, and Ripple: Security Concerns Arise
The cryptocurrency market is currently experiencing a wave of uncertainty as Google’s new quantum chip, Willow, raises concerns about the security of blockchain networks. According to FXStreet's report titled "Top 3 Price Prediction Bitcoin, Ethereum, Ripple," Bitcoin has seen its price hover around $97,500 after a decline of 4.47% this week. The article highlights that if Bitcoin continues on this downward trend and closes below the crucial support level at $90,000, it could face further losses down to $85,000.
Ethereum also faces challenges as it closed below its daily support level of $3,721 following a rejection from the $4K mark last Friday. This suggests potential declines towards weekly supports or even psychological levels like $3K unless recovery efforts push ETH above key resistance points such as $4K again.
Goldman Sachs Considers Crypto Spot Trading Amid Regulatory Ambiguity
Benzinga reports in their article "Goldman Sachs CEO Says Bank Can Consider Bitcoin, Ethereum Spot Trading If Regulations Allow" that Goldman Sachs might explore becoming a spot market maker for cryptocurrencies like Bitcoin and Ethereum should regulatory conditions permit. During an event by Reuters NEXT attended by David Solomon (CEO), he expressed how current regulations limit their ability but hinted at possible changes under future administrations which may allow them greater participation within these digital asset markets.
Cryptocurrencies Face Mixed Sentiments Due to Geopolitical Tensions
A recent piece from FXStreet entitled "Cryptocurrencies Price Prediction: Ethereum & Cryptos – American Wrap December 10" discusses how geopolitical tensions have impacted crypto prices negatively with significant liquidations occurring across top-ranked assets resulting in double-digit losses globally earlier this month. Despite some rebounds since then, there remains cautionary sentiment surrounding ongoing developments, including those related specifically to Google's advancements regarding computing power potentially affecting cryptographic securities worldwide.
Ethereum Unlikely To Reach New Heights Soon As Per Derive Analysis
An analysis published by Cointelegraph titled “Ethereum Has Less Than A Ten Percent Chance Of Reaching Five Thousand Dollars By Year-End” reveals low probabilities associated with achieving anticipated milestones before year-end despite notable ETF inflows suggesting otherwise. Dr. Sean Dawson, head researcher behind the findings, notes that trading activity appears neutral overall amidst mixed signals concerning future prospects.
Sources:
- Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Google’s ‘Willow’ chip stirs crypto security fears
- Goldman Sachs CEO Says Bank Can Consider Bitcoin, Ethereum Spot Trading If Regulations Allow
- Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cryptos – American Wrap 10 December
- Ethereum has less than 10% chance of tapping $5K by year-end, says Derive
- Should Ethereum Increase Gas Limits? Community Divided Over Risks and Rewards
- Is BDAG the Top Layer 1? Why It's Favored in the ETH vs Solana Rivalry
- Dogecoin, XRP, and Solana Lead Declines as Bitcoin Drops Below $97K, Market Faces Widespread Losses
- Polkadot and Solana Brace for Competition From a Game-Changing AI Multichain Token | Bitcoinist.com
- Magic Eden Traders Rush to Claim Solana Token as Airdrop Value Tops $700 Million
- Go Beyond Solana (SOL) This Cycle: $750 in These 4 Coins Could Make $1,500,000 By Early 2026
- Bitcoin, XRP, Solana, Dogecoin: Riding December’s Wild Crypto Rollercoaster
- Bitcoin and Ethereum Lead Record Weekly Inflows While Solana Faces Outflows - "The Defiant"
