Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Ethereum — Asian Wrap 13 June [Video]

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Bitcoin price decline imminent, analyst sets downside targets for cryptocurrencies

Crypto analyst Justin Bennett predicted a significant pullback in Bitcoin price as crypto market capitalization takes a hit. Bennett argues Bitcoin is in the middle of a breakdown from a bearish continuation pattern. The analyst sets a downside target of $23,500, a 15% decline from the current price level for Bitcoin.

Whale scoops up 400 million Dogecoin as the meme coin price plummets 10%

A whale has purchased $31.6 million worth of Dogecoin, accumulating the meme coin through the recent price slump. Thousand large wallet investors on the Binance Smart Chain hold Dogecoin, it ranks in their top 10 holdings. Analysts believe the Dogecoin price could continue to bleed until the meme coin makes a comeback to the $0.08 level.

Ethereum price plummets despite major success of Ropsten testnet

The Ropsten testnet merge was successful, according to Ethereum developer Tim Beiko. Ethereum network is set to push back the difficulty bomb by 2.5 months, and the Sepolia and Goerli merge events on the testnet are approaching. Ethereum price continued to decline with the delay in difficulty bomb, ETH witnessed a double-digit drop.

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FXStreet Team

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XRP, ADA, and SOL are vulnerable to deeper losses

The top altcoins, including Ripple, Cardano and Solana, are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Bitcoin risks losing $63,000 – FET, SHIB lead losses

Bitcoin edges lower on Tuesday, extending its losses of over 2% from the previous day. The broader crypto market suffered nearly $600 million in liquidations over the last 24 hours amid renewed sell-off pressure. Artificial Superintelligence Alliance and Shiba Inu have emerged as the worst-performing crypto assets in the same time period.

Pump.fun surges following rising revenue and social push

PUMP, the native crypto of token launchpad Pump.fun, saw double-digit gains on Monday, rising to nearly $0.00220, its highest level in about 11 weeks, before easing. The recent gains have stretched its 14- and 30-day performance above 38% and 50%, respectively.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.