Cryptocurrencies Price Prediction: Bitcoin, Aptos & Crypto – European Wrap 8 May

Bitcoin Weekly Forecast: $82K rejection raises doubts over BTC rally durability

Bitcoin (BTC) pauses its recent rally, trading below $80,000 on Friday with modest weekly gains, as it struggles to break above a key overhead supply zone. Institutional demand remains strong through Thursday, but rising geopolitical tensions in the Middle East and increasing profit-taking activity are capping further upside, leaving the Crypto King vulnerable to near-term pullbacks.

Aptos Price Forecast: Rally extends to fourth day amid $50 million commitment for ecosystem development

Aptos (APT) trades above $1.00 on Friday, extending a four-day rally and retesting levels not seen since the end of March amid the announcement that the Aptos Foundation and AptosLabs have committed over $50 million to infrastructure development. 

The crypto market has retreated, taking its cue from equities

The crypto market capitalisation has fallen by around 2% over the past 24 hours to $2.62 trillion, amid a renewed flight to safety in global markets. The leaders were Internet Computer (+9%), Zcash (+3.6%) and Tron (+1.4%); the laggards were Doge (-4.7%), Toncoin (-3.7%) and Dash (-3.5%). Since hitting lows at the end of March, the cryptocurrency market has been rising at roughly the same pace as the S&P 500, but at about half the speed of its more familiar bellwether – the Nasdaq 100. Since the start of the year, the Nasdaq 100 has gained 13%, while the crypto market has declined 12%.