Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Shiba Inu – European Wrap 9 January

FXStreet Team FXStreet

BTC Price Analysis: Bitcoin price sees bulls taking baby steps toward $19,000

Bitcoin (BTC) price is already up over 4% for the year as bulls re-emerge on the scene after a long hiatus. Bitcoin is not showing such violent spikes as seen in its little cousin Cardano because of the broad and mainstream correlation with other asset classes in financial markets. With heavy bond buying and a US dollar that does not seem to weaken or strengthen in one direction, traders are careful to place their money in just one asset or asset class.

DOGE Price Prediction: Dogecoin price targets $0.085 as bulls control technical fortress

Dogecoin (DOGE) price action sees bulls frontrunning the US inflation numbers for this Thursday as some second-tier data out of the US and European inflation numbers point to a slowdown in both inflation and the economy. This makes traders dream of a Goldilocks scenario of lost investments over 2022. It seems it is payback time for the bulls toward the bears, with DOGE set to jump toward $0.085 this week.

Here’s what to expect from Shiba Inu price with spike in trade volume and the burn rate

Shiba Inu, the second-largest meme coin in the cryptocurrency ecosystem, is currently in an uptrend. Bitcoin and Ethereum held their ground over the past week as altcoins like Shiba Inu yielded double-digit gains for holders.

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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.