Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 31 October
|Pi Network Price Forecast: PI misses another breakout opportunity despite OpenMind collaboration
Pi Network (PI) price is down 2.5% at press time on Friday, extending the 3% loss from the previous day. The recovery from earlier this week failed to surpass the 50-day Exponential Moving Average (EMA) despite a rise in Centralized Exchanges (CEXs) outflows.
Bitcoin Weekly Forecast: BTC slips below $110,000 as macroeconomic headwinds weigh on risk assets
Bitcoin (BTC) extends its decline this week, slipping below $110,000 at the time of writing on Friday as macroeconomic headwinds continued to weigh on risk assets. The Federal Reserve’s (Fed) hawkish tone and a seemingly positive outcome from the meeting between US President Donald Trump and Chinese leader Xi Jinping have kept investors on edge. Meanwhile, weekly outflows of over $600 million from US-listed spot Bitcoin Exchange Traded Funds (ETFs) point to weakening institutional demand, which, if continued, could trigger a further correction toward the $102,000 mark.
Crypto Today: Bitcoin, Ethereum, XRP on edge as market demand wobbles
Bitcoin (BTC) and major altcoins recover on Friday, trying to find a footing after four consecutive days of losses. BTC rebounds above $110,000, bouncing off the 200-day Exponential Moving Average (EMA), with Ethereum (ETH) and Ripple (XRP) mimicking Bitcoin's intraday recovery, after catalysts such as the Federal interest rate cut on Wednesday and the Trump-Xi meeting on Thursday failed to lift the market's mood.
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