Cryptocurrencies Price Prediction: Bitcoin, Altcoins & Crypto – European Wrap 9 January

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Bitcoin Price Forecast: BTC falls below $94,000 as over $568 million outflows from ETFs

Bitcoin (BTC) continues to edge down, trading below the $94,000 level on Thursday after falling more than 5% this week. Bitcoin US spot Exchange Traded Funds (ETFs) recorded an outflow of over $568 million on Wednesday, showing signs of decreasing demand. Moreover, CryptoQuant data shows that reducing stablecoin inflows weakens buying pressure and hints at further decline in Bitcoin price.

Altcoins Tron and Toncoin Price Prediction: TRX and TON show signs of weakness

Tron (TRX) and Toncoin (TON) prices extend their decline on Thursday after falling more than 6% this week. TRX and TON prices faced rejection from key levels, suggesting double-digit cash ahead. Furthermore, the technical outlook also supports a bearish trend as both altcoins show signs of weakness in momentum indicators.

Portugal bank blocks crypto transfers amid tightening EU rules

Banco de Investimentos Globais (BiG), one of Portugal's major banks, has decided to block fiat transfers to cryptocurrency platforms, citing compliance with European regulations. This move has sparked debates about Portugal's evolving stance on cryptocurrencies, once seen as a haven for crypto enthusiasts. The bank’s decision reflects increasing regulatory scrutiny, aligning with directives from the European Central Bank, the European Banking Authority, and the Bank of Portugal. It also emphasizes adherence to national rules on anti-money laundering and counter-terrorism financing.

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FXStreet Team

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Derive Price Forecast: Rising derivatives demand positions DRV for further gains

Derive (DRV) edges higher extending its third consecutive day of recovery above $0.1000. The increasing volume and fees collected through Perpetuals and Options contracts suggest that Derive’s market share in crypto derivatives is growing.

Cardano Price Forecast: Fading bearish momentum offers hope for recovery

Cardano (ADA) is stabilizing around $0.145 after suffering a sharp 21% decline over the previous two weeks. Derivatives metrics continue to reflect cautious market sentiment; however, fading bearish momentum suggests ADA could recover in the coming days.

Top 3 Price Prediction: BTC rebounds; ETH and XRP defend key support following recent correction

Bitcoin, Ethereum and Ripple are showing early signs of stabilization after a correction of nearly 6%, 8% and 7%, respectively, over the previous week. BTC reclaims $60,000, ETH is holding firmly above the critical $1,500 support level, while XRP is also attempting to stabilize around the key $1.00 psychological level.

Crypto Market Overview: Bitcoin stuck near $60,000 – Zcash, Jupiter extend losses

The broader cryptocurrency market continues to trade under pressure, with Bitcoin (BTC) struggling for direction near $60,000 on Monday. Retail sentiment in crypto leans bearish, with CoinMarketCap’s Fear and Greed Index at 15 on Monday, maintaining a sideways trend deep in the “Extreme Fear” zone.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.