Cryptocurrencies Price Prediction: Bitcoin, Chainlink & Crypto – European Wrap 6 March

Cointelegraph Team Cointelegraph

Bitcoin vs Gold: Is digital Gold replacing the actual precious metal in 2025?

The short answer is no, well, not yet, at least. There’s little to no chance that bitcoin will fully replace gold in 2025. But the fact is that the crypto king is gaining ground, challenging gold's dominance. Yet, gold's historical reliability and bitcoin's volatility keep this debate alive.

Chainlink Price Forecast: LINK bulls target a 30% upside as key support holds strong

Chainlink (LINK) extends its gains by more than 4% on Thursday, trading around $17.22 after rallying nearly 13% in the last two days. On-chain data suggest a rally ahead as LINK's long-to-short ratio reaches its highest monthly level and its funding rates are positive. The technical outlook suggests a rally continuation, targeting 30% additional gains ahead.

Crypto recovers, but the rally lacks excitement

Crypto market capitalisation returned to the $3 trillion area towards the end of the week ahead of the first crypto summit in the Oval Office. In the short term, buyers on downturns were strong enough to buy back two powerful selloffs. However, an important test of the previous support level at $3.15 trillion is ahead.

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Cointelegraph Team

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Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.