Cryptocurrencies Price Prediction: Altcoins, Bitcoin & ARK – European Wrap 29 October
Top Altcoins Price Forecast: Ripple and Solana under pressure as Hyperliquid recovers
Institutional demand for altcoins is weak in the near term. Solana-focused ETFs record $5.66 million in outflows on Wednesday, after over $19 million and $8 million in outflows earlier this week, bringing the total to $33.04 million. A negative close to this week would mark its fourth consecutive weekly outflow, suggesting intense selling pressure from institutional investors.
Bitcoin Price Forecast: BTC slides below $80,000 as Fed holds rates steady with a hawkish tone
Bitcoin (BTC) slips below $80,000 on Thursday, erasing most of its weekly gains after the Federal Reserve (Fed) held interest rates steady while signaling a hawkish policy stance. Despite the price correction, institutional demand remained modest so far this week, with spot Bitcoin Exchange Traded Funds (ETFs) recording $137.33 million on Wednesday, marking three consecutive days of positive flows.
Cathie Wood’s ARK buys the dip on Robinhood in its largest purchase in six months after 23% slump
Cathie Wood’s ARK Invest bought about $9.1 million of Robinhood Markets shares Wednesday, its largest purchase of the stock since buying roughly $39 million worth on April 29.
The firm added 99,418 shares across three exchange-traded funds (ETFs), its first purchase since Sept. 8, according to trade data shared by its trading desk.
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