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 consolidates as ETF inflows, rising derivatives interest offset selling pressure

Ripple (XRP) faces sustained selling pressure as bears maintain control on Monday. The remittance token has struggled to break above the $1.10 resistance since last Thursday, as risk sentiment weighs. Demand for XRP derivatives has gradually increased since last week, with the perpetual futures Open Interest (OI) averaging 2.4 billion XRP on Monday, up from 2.13 billion XRP the previous day.

Bitcoin Price Forecast: BTC remains below key 50-day EMA as headwinds from escalating US-Iran conflict offset ETF inflows

Bitcoin (BTC) trades just below its 50-day Exponential Moving Average (EMA) near $65,000 on Monday, a key technical level that could determine its next directional move. Institutional demand via ETFs improved somewhat last week, providing some tailwind for the Crypto King, but the latest round of strikes between the US and Iran has dampened risk appetite.

Crypto Today: Bitcoin, Ethereum, XRP slip as US-Iran escalating hostilities pressure risk assets

Cryptocurrency prices remain under pressure on Monday, as Bitcoin (BTC) falls toward $64,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), uphold a weakening technical structure. ETH is trading sideways between support at $1,826 and resistance at $1,937. Meanwhile, XRP hovers below the pivotal $1.10 level, edging lower toward the primary $1.00 support.

Solana Price Forecast: SOL risks further decline amid weak institutional, retail demand

Solana (SOL) price edges lower on Monday, maintaining a corrective tone from early July. Institutional demand remains muted, with two consecutive weeks of inflows under $1 million, while declining Open Interest and the funding rate point to bearish retail interest, even as trading volume rises by over 70% in 24 hours.

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.