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.

Author

FXStreet Team

FXStreet

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.

XRP stuck in tight range as whale demand, on-chain activity strengthen

Ripple (XRP) declines for a second day in a row, trading around $1.07 at the time of writing on Tuesday. The remittance token has continued to sustain a bearish outlook, aligning with the broader cryptocurrency market.

Bitcoin rises toward $64,000 as Coldcard exploit, strategy sales recede – ADA advances

Bitcoin rose 1.6% over the last 24 hours, climbing as high as $64,160 to the highest since July 31 before retreating. The rebound followed a selloff spurred by an exploit that targeted a cold wallet over the weekend and bitcoin sales by the world’s largest corporate holder.

Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle

Bitcoin (BTC) advances above $63,000 on Tuesday, buoyed by increasing investor risk appetite. Ethereum (ETH) continues to trade under pressure below the supply range at $1,900 and above the short-term $1,800 support. At the same time, Ripple’s (XRP) upside is constrained under the pivotal $1.10 level while support at $1.00 remains intact.

US Yen intervention puts Bitcoin, risk assets on notice for liquidity flux

Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further. Last week, the US and Japan conducted a rare joint intervention to prop up the yen, which had slid to 40-year lows of 164 per dollar — the first of its kind since 1998.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.