Cryptocurrencies Price Prediction: Bitcoin, Crypto & Pi – European Wrap 24 June
|Bitcoin Price Forecast: BTC recovers as Iran-Israel ceasefire fuels risk-on sentiment
Bitcoin (BTC) price is stabilizing around $105,000 at the time of writing on Tuesday, following a 4.3% recovery the previous day. The rebound comes as global risk sentiment improves following a ceasefire between Iran and Israel, and as the US Federal Reserve (Fed) announced a softer stance on crypto-related banking on Monday. Apart from this risk-on sentiment, institutional demand remained strong as corporations accumulated BTC in their reserves and fresh Exchange Traded Fund (ETF) inflows, suggesting a further recovery in BTC prices.
Crypto Today: Bitcoin, Ethereum, XRP consolidate gains after Israel-Iran ceasefire
Tensions in the Middle East have taken the backseat after United States (US) President Donald Trump announced a ceasefire between Israel and Iran on Monday. Global markets, including cryptocurrencies, ticked up, boosting Bitcoin’s (BTC) recovery above $105,000 at the time of writing on Tuesday.
Pi Network Price Forecast: Minor recovery teases trend reversal amid GenAI claims, Pi2Day
Pi Network (PI) edges lower by 1% at press time on Tuesday, following a 6.68% rise on Monday. With the minor recovery earlier this week, PI holds above a crucial psychological and trendline support amid growing buzz about potential Generative Artificial Intelligence (GenAI) features, to be unveiled on June 28.
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