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Cryptocurrencies Price Prediction: Bitcoin, Chainlink and Monero – European Wrap 12 October

Bitcoin Price Analysis: Three factors why BTC is going to surge

Bitcoin (BTC) jumped above $11,000 at the end of the previous week and stopped within a whisker of a local resistance created by $11,500. At the time of writing, BTC/USD is changing hands at $11,350, mostly unchanged both on a day-to-day basis and since the beginning of Monday. The pioneer digital currency gained over 6% in the last seven days. However, it is still below the 2020 high. Read More ...

Chainlink Price Forecast: LINK must break through this resistance for the ultimate rally to $13

Chainlink recently embarked on its upward trend following a period of continued downward price action. Support established at $7.2 assisted buyers to regain balance and control of the price. A reversal from the first week of October has seen the decentralized oracle token step above several key levels like $9, $10 and $11. In the meantime, LINK/USD is doddering slightly above $11 amid a developing bullish momentum. Read more ...

LINK/USD price chart

Monero and ZCash celebrate the Department's of Justice failure to crack their encryption

The privacy-oriented coins Monero (XMR) and ZCash (ZEC) experienced a strong rally during the weekend. They continued gaining ground on Monday as the market is discussing their hack-proof encryption. Read more ...

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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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Ethereum Price Forecast: Long-term holders' capitulation drives ETH below $1,800

Ethereum has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders.

XRP and XLM outlook: Bearish streak extends as risk-off mood erodes retail demand, ETF flows

Ripple and Stellar prices face intense selling pressure, extending losses on Thursday for the fourth consecutive day this week. Cross-border remittance tokens are losing retail sentiment, while XRP faces additional pressure from Exchange-Traded Fund outflows. 

Bitcoin drops below $65K amid reinforced bear market signals

Bitcoin dipped further below $65,000 with onchain data from Glassnode signaling a market firmly in a bear phase. The decline has pushed prices back into a key valuation range between the Realized Price and the True Market Mean.

Grayscale launches Hyperliquid staking ETF, undercutting rival fees

Grayscale announced the launch of its Hyperliquid Staking ETF (HYPG) on Wednesday, now trading on Nasdaq. The fund offers investors direct exposure to HYPE and incorporates staking rewards, which the company claims have historically ranged from 2.2% to 2.3% annually.

Billions in ETF outflows don’t bode well
Bitcoin (BTC) remains under pressure, trading below $74,000 on Friday, and is set to post its third consecutive week of losses. The institutional sell-off continues, with spot BTC Exchange-Traded funds (ETFs) recording billions in outflows. In addition, sticky inflation and macroeconomic headwinds suppress the Crypto King’s upside potential. Institutional demand continues to weaken so far this week.