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

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

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.

BTC/USD 1-day chart

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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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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Ripple eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.