Cryptocurrencies Price Prediction: PI, Dogecoin & Bitcoin – European Wrap 20 August
|Pi Network Price Forecast: All-time low looms as selling pressure mounts
Pi Network (PI) recovers by 1% so far on Wednesday, following two consecutive days of losses that accounted for nearly 10%. The declining PI token price trend within a falling channel pattern risks further losses to a potentially new record low as large deposits to centralized exchanges (CEXs) boost selling pressure.
Dogecoin hits eight million holders in August and ramps up for a new supercycle
Dogecoin (DOGE) holds a unique position in crypto as it sits at the intersection of several highly sought-after categories. It is an altcoin made in the US and also a meme coin that once turned many investors into millionaires.
Bitcoin Price Forecast: BTC halts decline as traders await FOMC meeting Minutes for Fed rate clues
Bitcoin (BTC) stabilizes around $113,500 at the time of writing on Wednesday after dropping 4% in the last two days. This downturn comes as the institutional demand continues to weaken, as spot Bitcoin Exchange Traded Funds (ETFs) saw outflows exceeding $520 million on Tuesday. Market participants are closely watching for signals on the Federal Reserve’s (Fed) potential rate-cut path, with the Fed's last meeting Minutes due later on the day.
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