Bitcoin Cash (BCH) price forecast as BTC dips under $87k

  • Bitcoin Cash price has dipped below $550 as Bitcoin sees a sharp decline to under $87,000.
  • The altcoin’s value could shrink to under $500 if BTC plummets further.
  • Macroeconomic headwinds continue to hinder bulls.

Bitcoin Cash (BCH) traded near the pivotal $560 support level amid broader market uncertainties, with Bitcoin’s dip to under $87,000 further spooking crypto investors.

As the cryptocurrency landscape keeps fluctuating, it appears BCH bulls could be in more trouble.

The altcoin’s price stood at $546 as of writing, down 4% in the past 24 hours.

Bitcoin Cash dips 4% as Bitcoin slips under $87,000

Bitcoin Cash price was down $4% as a turbulent December continued to torment bulls.

Amid a wider market weakness, the BCH price dipped below $550 to signal fresh turmoil.

That’s because after surging to highs of $600, the altcoin has encountered increased profit-taking. Pressure has mounted amid Bitcoin’s struggles.

On December 14, the Bitcoin Cash price dipped to $556. Bears went on to test the 550 mark, and prices have since dipped to near $540.

The downturn mirrored Bitcoin’s sharp dip from above $90,000 in early trading on Monday to around $86,700 at the time of writing.

Ethereum price also plunged to the $3,000 support level, with BitMine announcing a fresh ETH buy.

Why are cryptocurrencies down today?

Market participants attribute the downturn to macroeconomic headwinds, including lingering inflation concerns.

Last week, the bellwether digital asset failed to rally as the US Federal Reserve announced a rate cut.

Now, BTC’s sharp decline comes as the Bank of Japan is set for a rate hike.

Historically, Bitcoin price has tanked on BOJ rate hikes, and analysts see the upcoming move as bearish for crypto.

This week is also lined with key economic data releases.

Overall risk-off sentiment saw over $50 million in Bitcoin longs liquidated.

That happened within an hour as BTC fell 3% following the Wall Street open. Crypto analyst Lark Davis shared this via X.

BCH price technical outlook

Technical indicators paint a largely short-term bearish picture.

On the daily chart, the Relative Strength Index (RSI) sits at 47 after flipping downward from 56.

This downward flip in RSI, coupled with increasing bearish momentum, hints at further price declines.

Meanwhile, the Moving Average Convergence Divergence also shows a bearish crossover, indicating a potential short-term price pressure.

Bitcoin Cash Price
Bitcoin Cash price chart by TradingView

BCH could thus drop to $500, and if these indicators align with a broader market sell-off, as is the case today, it could allow sellers to push for $450 and $380 next.

However, an uptick with RSI gaining steam and MACD seeing an inflexion could allow for a retest of $600.

The post Bitcoin Cash (BCH) price forecast as BTC dips under $87k appeared first on CoinJournal.

Ethereum price outlook: can bulls hold $3,000 as BitMine buys more ETH?

  • Ethereum price fell to lows of $3,034 as Bitcoin slumped below $88,000.
  • The ETH price holding above $3,000 came as BitMine announced the purchase of 102,259 ETH last week.
  • Bulls could ride the corporate sentiment to bounce higher.

Ethereum (ETH) price showed broader weakness as it fell to the $3,000 level on Monday, with this coming amid further corporate accumulation.

As Bitcoin’s dip below $88k reflects broader market weakness, the key question is whether Ethereum bulls can ride the confidence in the top altcoin’s long-term potential.

BitMine Immersion Technologies’ huge purchases of ETH point to this outlook.

BitMine buys another 102,259 ETH

BitMine Immersion Technologies has further expanded its dominant Ethereum position.

On December 15, 2025, the publicly-traded company announced the acquisition of an additional 102,259 ETH over the past week.

This purchase brings the company’s total holdings to 3,967,210 ETH, valued at approximately $12.2 billion at current prices.

Notably, the latest addition continues a pattern of consistent accumulation during periods of price stabilization.

Previously, on December 8, BitMine reported holdings exceeding 3.86 million ETH, implying the prior week’s purchase of around 138,452 tokens.

Earlier, in the week leading to December 1, the company added 96,798 ETH, pushing holdings to 3.73 million at that time.

The MicroStrategy of Ethereum

BitMine’s approach draws clear parallels to the pioneering Bitcoin treasury model popularised by Michael Saylor at Strategy (formerly MicroStrategy).

Like Strategy for BTC, Bitmine has amassed the world’s largest corporate Ethereum holdings.

BitMine’s total crypto, cash, and investment holdings now stand at $13.3 billion.

It includes $1 billion in unencumbered cash, a small Bitcoin position of 193 BTC, and a $38 million stake in Eightco Holdings.

The company operates mining facilities in low-cost energy regions such as Texas and Trinidad.

However, it has pivoted strongly toward long-term ETH accumulation, with this funded through capital raises and operational efficiency.

Thomas “Tom” Lee of Fundstrat, Chairman of BitMine, said:

2025 saw many positive developments in digital assets, including positive legislation passed by the US Congress and favorable regulations, and strengthened support from Wall Street. These strengthen our conviction that the best days for crypto are ahead and why we continue to accumulate ETH towards our ‘alchemy of 5%’ target.

Can ETH bulls hold $3,000 level?

BitMine’s strategic buys have been executed amid Ethereum’s price resilience, with robust support established near the $3,000 psychological level.

In the past 24 hours, the ETH price has hovered in the $3,175 and $3,034 range.

If prices dip below the $3k mark, ETH is likely to retest the $2,720 lows seen on Dec.1.

Analysts however note that ETH has shown resilience and a decent bounce above $3,100 could pave the way for a retest of higher resistance around $3,500. Network enhancements, easing monetary policy and corporate buys are likely bullish catalysts.

However, just like $90k is now a key resistance level for Bitcoin, the $3,200-$3,300 is key to ETH.

The post Ethereum price outlook: can bulls hold $3,000 as BitMine buys more ETH? appeared first on CoinJournal.

Ripple expands RLUSD stablecoin to Ethereum Layer 2 networks

  • The firm has started testing RLUSD on leading Ethereum L2 platforms.
  • The launch reflects the growing demand for regulated stablecoins.
  • RLUSD will go live on L2s after authorization by New York regulators.

The cryptocurrency industry is gradually moving toward a world where no single platform dominates.

Rather than being locked in one blockchain, users, institutions, and developers want cross-chain transfers based on demand and opportunities.

Meanwhile, stablecoins remain at the center of this transaction as they have proven to be the entry point for new players navigating the on-chain economy.

Ripple seems to acknowledge this reality.

According to today’s, December 15, announcement, the blockchain company confirmed it has started testing stablecoin RLUSD on multiple Ethereum L2 platforms.

The experiment marks a crucial move towards the asset’s public debut, scheduled for 2026 after regulatory approval.

Meanwhile, the current testing phase will occur across Base, Unichain, and Ink, leveraging Wormholde’s interoperable infrastructure for streamlined movement between different networks.

Commenting on the latest move, Ripple’s Stablecoin SVP Jack McDonald acknowledged stablecoins as the gateway to decentralized finance and institutional adoption.

He added:

 RLUSD is designed from the ground up to be the trusted, liquid medium necessary for users to seamlessly enter, interact with, and exit the entire digital asset economy. By launching RLUSD, the first US Trust Regulated stablecoin on these L2 networks, we are not just expanding utility; we are setting the definitive standard where compliance and on-chain efficiency converge.

Why do L2 platforms matter?

Layer 2 networks have proven to be some of the busiest avenues in the cryptocurrency sector.

These blockchains are faster, cheaper, and more practical for day-to-day usage than the primary Ethereum network, which faces challenges like congestion and costly transactions.

Therefore, L2s have emerged as the perfect homes for decentralized applications, on-chain services, and digital payments.

By launching RLUSD into these platforms, Ripple is tapping into the potential where real user activity is happening.

Notably, Optimism will serve as the initial entry, with access linked to platforms like Unichain, Ink, and Base.

Such an approach allows Ripple’s stablecoin to grow alongside solid user activity.

Meanwhile, Ripple is working with Wormhole and its NTT (Native Token Transfers) standard.

With this setup, RLUSD can move between different chains while remaining a consistent, single token.

Ripple controls the stablecoin’s issuance, whereas users enjoy flexibility across multiple platforms.

The announcement added:

Leveraging Wormhole’s Native Token Transfers (NTT) standard allows Ripple to maintain native issuance and control of RLUSD while providing the security and flexibility of on-chain liquidity movement across these new ecosystems.

Strengthening XRP’s ecosystem

RLUSD’s strategic expansion also bolsters the overall XRP ecosystem.

Stablecoins are crucial in trading, digital payments, and liquidity, and Ripple is pushing its stablecoin where demand already exists.

XRP is hovering at $1.93 after dropping 3% the past 24 hours.

Its performance reflects the overall market sentiments.

The cryptocurrency market remains deteriorated, as Bitcoin struggles below $90K, now trading at $87.7K.

The post Ripple expands RLUSD stablecoin to Ethereum Layer 2 networks appeared first on CoinJournal.