Cryptocurrencies Price Prediction: Hyperliquid, Bitcoin & Ripple – European Wrap 8 May
|Hyperliquid and Aptos Price Prediction: Exploring the impact of DeFi TVL bounce back
The cryptocurrency market is in a fresh risk-on frenzy, influencing altcoins to wake up alongside Bitcoin (BTC). Hyperliquid (HYPE) and Aptos (APT) are trending upwards on Thursday as optimism mounts ahead of a potential trade deal announcement between the United States (US) and another country, reportedly to be the United Kingdom (UK).
Bitcoin Price Forecast: BTC flirts with $100K as market sentiment improves on Trump trade deal with the UK
Bitcoin (BTC) price extends its gains, nearing the $100,000 level at the time of writing on Thursday, after rallying for three consecutive days this week. The most recent uptick was fueled by Donald Trump's announcement of a “major trade deal” that, according to the Wall Street Journal, is with the United Kingdom (UK). The technical outlook suggests a continuation of the rally targeting the $105,000 mark.
XRP price picks up steam supported by heightened risk-on sentiment
Ripple (XRP) price is gaining bullish momentum, increasing over 3% to trade at $2.19 at the time of writing on Thursday. A breakout to $3.00 could follow a potential climb above $3.00, as the broader cryptocurrency market wakes up. However, XRP must breach a crucial four-month descending trendline to affirm the bulls' grip ahead of the anticipated breakout.
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 not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.