Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – European Wrap 29 June

FXStreet Team FXStreet

Bitcoin Price Update: Speculators buy BTC/USD on dips below $9,000

BTC/USD is changing hands at $9,100 after a short-lived dip tothe lowest level since the end of May $8,823 on the weekend. Bitcoin has stayed mostly unchanged both on a day-to-day basis and since the beginning of Monday as the market waits new clues to find out where to go next.

Litecoin Market Analysis: The number of non-zero LTC wallets exploded in the recent week

Litecoin is the seventh largest digital asset with the current market value of $2.6 billion and an average daily trading volume of $1.3 billion. The coin hit the recent low of $39.44 on June 27 and recovered above $40.00 by the time of writing. LTC/USD has barely changed both on a day-to-day basis and since the beginning of the day amid slow market activity.

Ethereum Market Report: Ethereum needs to tackle scalability issue to hold the leadership

Investor and Cryptocurrency researcher Qiao Wang warned that Ethereum might lose its leading position if it fails to roll out ETH 2.00 update and tackle the scalability issues. The expert believes that Ethereum’s high fee charges and often network congestion create opportunities for innovative projects to flourish.

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Dogecoin ticks lower as low Open Interest, funding rate weigh on buyers

Dogecoin extends its decline as risk-off sentiment dominates across the crypto market. DOGE’s derivatives market remains weak amid suppressed futures Open Interest and perpetual funding rate.

Crypto Today: Bitcoin, Ethereum, XRP decline as risk-off sentiment escalates

Bitcoin remains under pressure, trading above the $87,000 support at the time of writing on Tuesday. Selling pressure has continued to weigh on the broader cryptocurrency market since Monday, triggering declines across altcoins, including Ethereum and Ripple.