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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptocurrencies – European Wrap 21 June

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptocurrencies – European Wrap 21 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin dominance hits two-year high at 51%, jeopardizing altcoin gains

Bitcoin price has increased 74% in the last six months, and recent developments suggest more gains are on the way. Specifically, the BTC dominance shows a bullish outlook while the short-term picture remains optimistic. 

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Bitcoin Cash, Litecoin and Ethereum classic reap gains from Bitcoin rally

Bitcoin price rallied past $28,900, wiping out recent losses stemming from the Securities and Exchange Commission’s crackdown on cryptocurrencies. Rising institutional interest in spot Bitcoin Exchange Traded Funds (ETFs) and news on regulation of cryptocurrencies in Europe and Southeast Asia has acted as a catalyst for the asset’s recovery. 

Bitcoin's breakthrough

The market capitalisation of cryptocurrencies rose 5.7% in the last 24 hours to 1,134 trillion. Bitcoin was the engine of growth, but buyers quickly expanded to some altcoins. Bitcoin is up 7.6%, Ethereum is up 4.7%, and the top altcoins are up from a modest 1.9% (XRP) to 9.4% (Litecoin).

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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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Ripple lags recovery as exchange reserves expand

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

Pi Network hits a make-or-break level amid renewed social buzz

Pi Network hits a make-or-break level amid renewed social buzz

PI is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.

Uniswap risks steeper decline as bearish signals pile up

Uniswap risks steeper decline as bearish signals pile up

Uniswap faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Cryptocurrency prices are largely consolidating, with Bitcoin hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum shows signs of recovery but remains below the $1,900 hurdle, while Ripple hovers above the critical $1.00 support and is struggling to gain momentum.

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.