Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Dogecoin – American Wrap 07 May

Bitcoin price coils up for 20% climb, Standard Chartered forecasts more gains for BTC



Author

FXStreet Team
FXStreet




Author

FXStreet Team
FXStreet
Bitcoin has declined below $65,000 on Thursday, down 11% over the past 24 hours. The move marks its largest decline since the October 10 leverage flush. Since then, the top crypto has erased more than 50% of its value since the October 10 leverage flush.
Ripple is trading aggressively downward, while hovering at $1.37 at the time of writing on Thursday, reflecting a pristine risk-off mood across the crypto market. The remittance token is down nearly 10% intraday, weighed by intense volatility, retail investor exodus and declining institutional interest.
Bitcoin holds above $70,000 after testing $69,922 intraday low amid a retail investor exodus. Ethereum is largely in bearish hands despite support at $2,000 staying intact.
Bitcoin (BTC) price extends losses, nearing the $70,000 level at the time of writing on Thursday, erasing all gains since crypto-friendly candidate Donald Trump won the US presidential election in November 2024.
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 (BTC) price extends correction, trading below $82,000 after sliding more than 5% so far this week. The bearish price action in BTC was fueled by fading institutional demand, as evidenced by spot Exchange-Traded Funds (ETFs), which recorded $978 million in inflows through Thursday.