Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Ripple – European Wrap 8 August

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Faux strength or resurgence of bullish momentum?

Bitcoin price shows a resurgence of buying pressure as the eastern markets open fresh to a new week. This development, while bullish, could turn sour if BTC fails to overcome a significant hurdle. Assuming this occurs, the recent surge in Ethereum, Ripple and other altcoins could also quickly come undone.

Ethereum Merge, potential forks and exchange listing: Where will ETH price go next?

Ethereum price has been at the center of speculation for quite some time due to the upcoming Merge update. As a result, there have been forecasts of what the future could hold, not just for users, but also from a miners’ perspective.

Ripple is set to lose legal battle against the SEC, argues US Congressman

US Congressman Brad Sherman commented on the SEC v. Ripple case. Rep. Sherman believes Ripple will likely lose its legal battle as the native cryptocurrency XRP is a security.

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Ripple and Stellar outlook: XRP stalls at key resistance, XLM rally loses steam

Ripple and Stellar are trading under pressure as bulls lose steam. XRP faces rejection near key resistance, while XLM continues its pullback so far this week. Despite the ongoing correction, mixed on-chain and derivatives metrics suggest traders remain cautiously optimistic for these altcoins. Derivatives data shows a mixed outlook.

Crypto Market Overview: Bitcoin loses steam around $63,000 – DeFi tokens rally

Bitcoin sustains above $63,000 at press time on Tuesday, upholding a streak of six consecutive days of gains despite Strategy selling 3,588 BTC on Monday. The broader crypto market sentiment holds while DeFi tokens such as DeXe and LayerZero emerge as top gainers over the last 24 hours.

Bitcoin edges above $64K as easing sell pressure, improving ETF flows support recovery

Bitcoin (BTC) began July on stronger footing after rebounding above $64,000 following improving derivatives positioning and signs of market stabilization. QCP analysts noted that Bitcoin's early-July rebound aligns with long-term seasonal trends. Historically, July has been one of Bitcoin's strongest months, averaging gains of about 7.5%.

Ethereum Price Forecast: BitMine expands ETH accumulation amid crypto treasury pressure

Ethereum (ETH) treasury firm BitMine Immersion Technologies scooped 42,197 ETH last week, extending its weekly accumulation streak of the top altcoin. The purchase has pushed the company's total ETH holdings to 5.74 million ETH worth roughly $10.27 billion at the time of writing.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.