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

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.

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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.

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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

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Cardano Price Forecast: ADA defends key support level amid mounting bearish pressure

Cardano Price Forecast: ADA defends key support level amid mounting bearish pressure

Cardano continues to consolidate above its $0.1894 support level on Monday, stabilizing after roughly an 8% loss on last Thursday. On-chain data shows reduced activity among large-wallet investors, commonly referred to as whales, despite a rise in Cardano’s social chatter.

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana remains under pressure on Monday, hovering around $95.48 after extending its losing streak to five consecutive weeks. Bearish sentiment strengthens as SOL’s spot Exchange Traded Funds recorded weekly outflows of $71.47 million, marking the largest withdrawals since their launch.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Bitcoin, Ethereum, and Ripple recover slightly on Monday after closing October with four straight weeks of losses. BTC climbs above $78,462 after finding support around its key support zones, while ETH rebounds above $2,295 but remains below key Exponential Moving Averages, keeping its near-term outlook bearish.

Zcash Price Forecast: ZEC rebounds as ZODL founder now supports ending community grants

Zcash Price Forecast: ZEC rebounds as ZODL founder now supports ending community grants

Zcash (ZEC) shows signs of recovery on Monday, extending gains above $1,250 as the Zcash Open Development Lab (ZODL) founder, Josh Swihart, now supports the compromise proposal to end the 8% block reward share directed to Zcash Community Grants (ZCG).
Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.