Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Crypto – European Wrap 23 June
Bitcoin Price Forecast: BTC rebounds to $102,000 as MetaPlanet buys the dip, geopolitical fears linger
Bitcoin (BTC) price rebounds slightly, trading around $102,000 at the time of writing on Monday after dipping to $98,200 the previous day. Institutional investors further supported the price recovery as MetaPlanet added 1,111 BTC to its treasury reserve. However, traders should be cautious as the US attack on Iran sparked market-wide risk aversion on Sunday, triggering over $656 million in liquidations.
Dogecoin jumps after rollercoaster weekend price-action
Dogecoin staged a sharp recovery following a dramatic weekend selloff, during which the token plummeted to a low of $0.143 before rebounding above $0.153.
The move came amid surging trading volume — over five times the daily average — confirming buyer interest at critical support levels and hinting at a potential momentum shift as broader markets remain turbulent.
The crypto market jumped out of the fear zone
Market capitalisation fell to $3.03 trillion over the weekend, which is easier to attribute to the expectations of speculators working over the weekend that the markets would sell off due to US strikes on targets in Iran. However, the limited reaction of traditional financial markets brought buyers back to crypto, showing their interest in buying at a discount and returning capitalisation to $3.12 trillion.
Author
FXStreet Team
FXStreet
