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Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Terra – European Wrap 8 June

FXStreet Team FXStreet

Bitcoin Price Prediction: BTC sets sight on $34,000

Bitcoin (BTC) price is set to jump at least 13% as tailwinds hover over global markets. Although the background is still tainted by central bank tightening – with the Indian Reserve Bank the latest to join the RBA in implementing a a 50 bp hike – , traders are seeing the upside potential from governments slashing taxes to support living and spending patterns for households, and thus safeguarding the cash inflow into cryptocurrencies. As a result, cryptocurrencies overall are seeing their price action underpinned. BTC price, for example, did not make new lows as expected but is trading sideways and is ripe for a breakout towards $34,000, with the 55-day Simple Moving Average (SMA) as a cap on the topside for now.

How prices would react ahead of Ethereum’s Merge launch on testnet

Ethereum price has been dillydallying for quite some time thanks to Bitcoin’s tight consolidation. With intraday price action looking like a pump-and-dump for BTC, altcoins seem to have managed to evolve.

These indicators show Terra’s LUNA 2.0 price will quadruple

LUNA 2.0 price has been in a downtrend since May 30 and has finally reached the lower limit of its range, suggesting that a reversal is likely. Investors need to be careful because this bullish outlook could fail if bears keep LUNA below the range low.

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FXStreet Team

FXStreet

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin rebounds after testing an intraday low at $60,000 amid persistent retail investor exit. Ethereum shows subtle signs of recovery, but ETFs outflows limit upside. XRP gains by over 10% on Friday amid mild ETF inflows and a drop in futures Open Interest to $2.40 billion.

Bitcoin Weekly Forecast: The worst may be behind us

Bitcoin price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.

Pi Network hits record low despite plans to deploy KYC validator rewards in March

Pi Network hovers above $0.1400 on Friday, up from the $0.1300 record low seen earlier in the day. The sell-off continues even as Pi Network has announced that it will distribute KYC validator rewards by the end of March.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.