Cryptocurrencies Price Prediction: Bitcoin, Cardano and Polygon – European Wrap 8 September

FXStreet Team FXStreet

Bitcoin Price: Whales flood exchanges with BTC, what's next?

Bitcoin price could crumble under selling pressure as the volume of BTC on exchanges climbs. Analysts reveal a bearish outlook on Bitcoin price.

Cardano price sees feeble attempt by bulls to pare back losses

Cardano (ADA) price saw bulls rallying on the back of equity markets, unfortunately, after a promising start, the little intraday rally went nowhere and could not make any substantial difference to the overall trend. Instead, price action is consolidating, which spells bad news ahead as a big catalyst event is set to happen this afternoon.

Polygon price sees MATIC bulls attempting to eke out a rally, as their efforts remain uneventful

Polygon (MATIC) price will trade at the mercy of ECB traders this afternoon as the European Central Bank is set to announce its first 75 bp hike since 1999. Given already priced in, it will come down to the details of what is contained in the ECB’s communication about the future course of policy and the speech by its chairwoman Christine Lagarde. The key issue here is that the eurozone is already underperforming and could easily fall into a recession, whereas the US is still performing well and thus could see the dollar strengthen substantially further.

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FXStreet Team

FXStreet

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.

XRP Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13. The remittance token tagged a weekly high of $1.16 on Tuesday, with gains mainly attributed to developments on the United States (US) Clarity Act and recent signs that inflation is easing in the world’s largest economy.

Crypto Today: Bitcoin, Ethereum, XRP trim gains despite resilient ETF inflows

Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices. Bitcoin (BTC) is approaching short-term support at $65,000, with upside resistance remaining firm at $67,000.

Worldcoin Price Forecast: WLD steadies as multiple bullish signals line up

Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure. Retail activity in WLD derivatives remains firm, with a 40% rise in trading volume and elevated funding rates.

Dogecoin Price Forecast: DOGE nears yearly low as risk appetite fades

Dogecoin (DOGE) extends its decline on Thursday, approaching its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Escalating US-Iran conflict and fresh Houthi threats have dampened risk appetite, weighing on speculative assets such as DOGE. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.