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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Shiba Inu – European Wrap 6 January

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Shiba Inu – European Wrap 6 January
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: A crypto beginner’s guide to Nonfarm Payrolls and its effects on BTC

Bitcoin (BTC) price and the general crypto markets have been highly correlated with the stock markets since the COVID-19 crash in March 2020. Since then, macroeconomic news have been affecting Bitcoin, Ethereum and other altcoins, and the Nonfarm Payrolls (NFP) monthly release is one such significant event, with the December version to be published on January 6 at 13:30 GMT. 

Ethereum Price Prediction: Trading Nonfarm Payrolls, will ETH bulls triumph?

Ethereum (ETH) price is traversing a bearish pattern and is close to invalidating it. However, due to the current market conditions combined with the release of Nonfarm Payrolls (NFP) on Friday at 13.30 GMT, there is a possibility that ETH could correct and retest a stable support level before establishing its direction. 

ETH/USDT 1-day chart

Shiba Inu developers share Shibarium update, the layer-2 solution will scale a $4.9 billion market

Shiba Inu ecosystem’s developers have warned the community against other projects that lay claim to the layer-2 scaling solution Shibarium. Developers assured the SHIB army that the scaling protocol will use Bone (BONE) from the Shiba Inu ecosystem and will scale the dog-themed cryptocurrency, no other projects included. 

Shiba Inc whale transaction count

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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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XRP holds key support amid thinning liquidity on exchanges

XRP holds key support amid thinning liquidity on exchanges

Ripple (XRP) regains support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Bitcoin’s upside remains capped on Wednesday while the downside appears strongly supported above $64,000. Altcoins, including Ethereum and Ripple, are broadly consolidating with ETH trading above $1,900 and XRP above $1.00.

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun (PUMP) is down 3% on Wednesday, easing after nearly 13% gains the previous day. PUMP derivatives point to increasing leverage-driven demand as Open Interest rises to a seven-month high of $258.62 million.

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin (BTC) edges lower toward the 50-day Exponential Moving Average (EMA) around $64,370 at the time of writing on Wednesday after posting a 2.9% gain over the previous two days.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.