Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Crypto – European Wrap 22 August

FXStreet Team FXStreet

Bitcoin price rises, approaching key resistance barrier at $62,000

Bitcoin (BTC) trades above $61,000 on Thursday, holding up on gains driven by the release of the Fed Minutes on Wednesday, which hinted at an interest-rate cut in September. US spot Bitcoin ETFs saw a modest inflow on Wednesday, while on-chain data doesn’t seem to support further price gains as Bitcoin OTC desk balances for miners surge and the long-to-short ratio stays below one.

Top 3 meme coins Dogecoin, Shiba Inu, Pepe steady with over 30% holders underwater

The largest meme coins by market capitalization – Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) – swing on Thursday between mild gains and losses, tracking the broader trend in the main crypto assets. More broadly, DOGE and SHIB gained between 3% and 4% in the last seven days, while PEPE erased 1.37% of its value in the same time frame.

Crypto tug of war

The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August's resistance. Bitcoin rose 2.6%, while Ethereum gained 1.2%. The battle for a 10th position in the CoinMarketCap has intensified: Tron's 5.5% drop to a cap of $13.09 billion contrasted with Cardano's 2.5% rise to $13.17 billion. Its closest rival, Dogecoin, added 1.3% to reach a total coin value of $15.36 billion, with 17% distance from Cardano.

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FXStreet Team

FXStreet

Dash Price Forecast: DASH defies headwinds, paces toward $100

Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.

XRP slides below 50-day EMA as selling pressure intensifies

Ripple is edging lower toward the pivotal $2.00 level at the time of writing on Friday, marking three consecutive days of declines. The sell-off extends across the crypto market, with Bitcoin falling toward $95,000 and Ethereum pressing down on support at $3,300.