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Cryptocurrencies Price Prediction: Bitcoin, BOME & Shiba Inu – European Wrap 30 July

Cryptocurrencies Price Prediction: Bitcoin, BOME & Shiba Inu – European Wrap 30 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price struggles at $67,000 as on-chain data suggests slight increase in selling pressure

Bitcoin (BTC) stabilizes around the $68,000 level on Tuesday after failing to close above $70,000 the day before. The US government moved $2 billion worth of Bitcoin from Silk Road's confiscated funds on Monday. Additionally, data from Lookonchain reveals that FalconX sold 1,000 BTC, totaling $69.52 million, on the Binance exchange. On-chain data indicates that the Coinbase Premium Index has dropped below the 14-day Simple Moving Average, signaling a slight uptick in selling pressure.

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Book of Meme poised for 20% rally

Book of Meme (BOME) price is currently retesting its daily resistance at $0.0108 on Tuesday, and a close above this level could signal a bullish move. On-chain data indicates a rising Open Interest for BOME, reflecting positive investor sentiment and suggesting a potential rally in the coming days.

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Shiba Inu could extend gains with Shiba Eternity web3 version launch

Shiba Inu (SHIB), a dog-themed meme coin and the second-largest crypto asset in the category, has two key market movers this week. The web3 version launch of the card game Shiba Eternity and the on-chain data. 

Shiba Inu marketing executive behind the X handle @LucieSHIB announced the official launch of web3 version of the card game Shiba Eternity in closed beta. 

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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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Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top altcoins, Ripple, Cardano, and Solana, hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period. The brief pause suggests that the markets have priced in October’s hot CPI of 0.4%, beating the 0.3% market expectation.

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Bitcoin corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum and Ripple. The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network price is holding steady around $0.0700 at press time on Thursday, consolidating around the round figure after Tuesday’s 8% rebound. The rebound coincided with a massive outflow of more than 590 million PI tokens from the OKX exchange wallet, suggesting reduced downside pressure.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.