Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Ripple – European Wrap 27 May

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Bitcoin Price Analysis: BTC/USD journey back to $9,000 in jeopardy as sellers’ grip tightens – Confluence Detector

Bitcoin has remained lethargic in its price performance since the beginning of the week. It is becoming increasingly difficult to sustain gains above $9,000. On the other hand, buyers are concentrating on defending the short term support at $8,800. Meanwhile, BTC/USD is valued at $8,840, following a minor retreat from $8,893 (intraday high).

ETH/USD: Ethereum is grossly undervalued, Blockfyre’s research reveals

Ethereum (ETH) is grossly undervalued at the current levels, according to the study performed by the crypto research firm Blockfyre. The team outlined at least four factors to support their conclusions.

Ripple's CEO urges the US lawmakers to hurry up with the crypto regulation

Ripple CEO Brad Garlinghouse urged the United States regulators to speed up the development of digital currencies. The expert warned that the country may lose its status of the global leader of innovations and fall behind China in terms of cryptocurrency developments.

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Ripple technical weakness persists as selling intensifies toward $1.00

Ripple grinds lower, trading around $1.10 at the time of writing on Wednesday. The sticky bearish outlook mirrors the broader crypto market, with major coins such as Bitcoin and Ethereum facing weak demand as investors de-risk.

Crypto Today: Bitcoin, Ethereum, XRP face downside pressure amid investor de-risking

Major crypto assets trade under intense headwinds on Wednesday, as market participants navigate complex geopolitical and macroeconomic environments. Bitcoin has slipped toward $61,000 after its recent rebound was sold near $64,000, leaving buyers exhausted.

Bitcoin Price Forecast: Sticky inflation fears threaten deeper sell-off in BTC

Bitcoin extends its decline on Wednesday, trading below $61,500 at the time of writing as renewed US-Iran tensions keep the risk sentiment capped. In addition, persistent capital outflows from US-listed spot Exchange Traded Funds continue to fuel selling pressure on BTC.

Pi Network extends decline as CEX outflows fail to offset bearish pressure

Pi Network edges lower on Wednesday, extending its third consecutive day of losses. The technical outlook for PI is largely bearish, with a risk of a steeper correction below $0.1184.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

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