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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Crypto – European Wrap 30 August

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Crypto – European Wrap 30 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Will BTC continue its ongoing decline?

Bitcoin (BTC) trades above $59,000 on Friday, but it has lost 7.5% this week so far after being rejected around the daily resistance of $65,000. The decline is supported by lower demand from the US spot Bitcoin ETFs, which registered a net outflow of $103.8 million, falling Bitcoin's Coinbase Premium Index, and a spike in Network Realized Profit/Loss. However, some investors seem to be taking the chance to buy BTC amid this price dip, as shown by the Exchange Netflow data.

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Vitalik Buterin’s Ether transfers raise concerns after Ethereum Foundation slammed for spending $88 million

Ethereum (ETH) founder Vitalik Buterin carried out another ETH transfer on Friday, on-chain data shows, raising concerns among crypto traders hours after the spending practices from the Ethereum Foundation were put into question due to its lack of transparency.

Crypto fails to bounce off the bottom

The cryptocurrency market failed to move significantly from the previous day's levels, losing 0.5% to $2.07 trillion. Crypto followed the stock market but was noticeably weaker. Smooth growth during the day was wiped out by a late sell-off, taking capitalisation back to the local lows of recent days. Sentiment in the crypto market remains in the fear zone, with the index at 34 (+5 for the day).

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Solana Price Forecast: SOL consolidates as ETF inflows and on-chain activity rise

Solana Price Forecast: SOL consolidates as ETF inflows and on-chain activity rise

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CLARITY Act faces fresh pressure ahead of key Senate cloture vote

CLARITY Act faces fresh pressure ahead of key Senate cloture vote

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Ripple and Stellar outlook: Extend gains as derivatives support upside

Ripple and Stellar outlook: Extend gains as derivatives support upside

Ripple and Stellar extend their gains after surging over 6% and 8%, respectively, on the previous day. In addition, improving derivatives metrics support a bullish bias, signaling further gains for both altcoins. Derivatives data shows bullish bias among traders. CoinGlass’ long-to-short ratios for XRP and XLM read 1.15 and 1.35, respectively, on Tuesday.

Crypto Overview: Bitcoin remains volatile amid CLARITY Act vote – Zcash, Stellar rally

Crypto Overview: Bitcoin remains volatile amid CLARITY Act vote – Zcash, Stellar rally

Bitcoin (BTC) holds steady around $78,000 on Tuesday, sustaining its roughly 2% recovery from the previous day. Broader cryptocurrency market volatility remains elevated ahead of the scheduled CLARITY Act cloture vote on Tuesday. Zcash (ZEC) and Stellar (XLM) retain bullish momentum, emerging as the top performers over the last 24 hours.
Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.