Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Ethereum – European Wrap 8 October

FXStreet Team FXStreet

Bitcoin Weekly Forecast: BTC ready to tackle $60,000 as investors front-run ETF approval

Bitcoin price has positioned itself for a correction after the recent uptick in buying pressure. While the uptick made sense from a technical perspective, the rate of the uptrend did not and could be attributed to the renewed hype around the approval of a futures ETF.

Dogecoin-killer Shiba Inu announces new strategy for burning SHIB, LEASH and BONE

Shiba Inu has announced its latest partnership for burning SHIB ecosystem tokens. Popular as the Dogecoin-killer, Shytoshi Kusama has unveiled plans to boost the utility of SHIB, LEASH and BONE.

Institutions ditch Bitcoin for Ethereum as ETH becomes the gateway to Web3

Institutional interest in DeFi is on the rise. MetaMask Institutional (MMI), the institutional arm of Ethereum wallet MetaMask, has partnered with institutions to access DeFi protocols.

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XRP ticks up as risk-off mood, weak ETF demand cap recovery

Ripple (XRP) rebounds above $1.23 from support at $1.20 at the time of writing on Wednesday, as the broader cryptocurrency market pares losses triggered by escalating tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum pare losses as XRP rebounds amid escalating tensions in the Middle East

The cryptocurrency market remains largely under pressure on Wednesday amid escalating tensions in the Middle East. After plunging from its May high of $82,823, Bitcoin (BTC) is showing signs of stabilization, consolidating above the key $67,000 support level.

Bitcoin takes a breather above $65,000 amid swelling institutional pressure

Bitcoin hovers above $67,000 as of Wednesday, taking a breather after over 6% loss the previous day. Whales are reducing their BTC holdings, likely influenced by the 12-day streak of ETF outflows.

Ondo extends gains, defying the broader market crash

ONDO extends gains on Wednesday, after rising 9% the previous day. Early access to Ondo Perps, offering 24/7 perpetual futures on US stocks, ETFs, and commodities, fuels the recovery.

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.

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