Cryptocurrencies Price Prediction: Bitcoin, Hyperliquid & Solana – European Wrap 20 October

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC extends recovery above $111,000 despite heavy ETF outflows

Bitcoin (BTC) reclaims $111,000 on Monday, extending its weekend recovery after falling nearly 6% in the previous week. Spot Exchange Traded Funds(ETFs) recorded an outflow of over $1.2 billion, marking the second-largest weekly outflow since their launch. Despite the recent price dip, whale wallets continue to accumulate BTC while retail traders trim their exposure, reflecting a divergence between the two cohorts of traders.

Bitcoin kicks off the week with modest gains, trading above $111,000 at the time of writing and extending its weekend recovery. However, the institutional demand weakened last week as SoSoValue data shows that spot Bitcoin ETFs recorded a total of $1.23 billion in weekly outflows.

Hyperliquid Price Forecast: HYPE eyes a rebound as selling pressure wanes

Hyperliquid (HYPE) retraces back higher to the 200-day Exponential Moving Average (EMA), a key trend indicator, following three consecutive days of recovery. At the time of writing, HYPE edges higher by 3% on Monday, while the technical outlook and derivatives data suggest a decline in selling pressure.

Still, a drop in the perpetual Decentralized Exchange (DEX) activities indicates a lack of traders’ demand necessary to boost the price of Hyperliquid’s native token.

Solana Price Forecast: SOL extends recovery as trading volume surges

Solana (SOL) price extends its recovery, trading above $192 at the time of writing on Monday, after rebounding from the ascending trendline support last week. The recovery is supported by increasing trade volumes, which have climbed to levels last seen in mid-January, and expectations ahead of the upcoming Accelerate Asia Pacific Accreditation Cooperation (APAC) event on Friday, which could highlight key ecosystem developments.

Solana started the week on a positive note, extending the weekend recovery and trading above $192 during the early European trading session on Monday. Optimism surrounds the network ahead of the Accelerate Asia Pacific Accreditation Cooperation event starting Friday in China, which is expected to highlight Solana’s growing role in the region’s Decentralized Physical Infrastructure Networks (DePIN) ecosystem.

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Uniswap Price Forecast: UNI tests 200-day EMA supply amid renewed retail demand

Uniswap (UNI) edges higher near an immediate resistance at $3.88 on Tuesday. The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin (BTC) falls toward $63,000 from its July highs around $67,000.

XRP slides amid risk-averse pressure and ahead of Fed rate decision

Ripple (XRP) continues to trade under increasing pressure on Tuesday. This marks the second consecutive day of declines, reflecting broader risk-off sentiment as investors appear to shift gears in anticipation of the Federal Reserve (Fed) interest rate decision. On Wednesday, the Federal Open Market Committee (FOMC) is widely expected to leave interest rates unchanged in the 3.50%-3.75% range.

Crypto Today: Bitcoin, Ethereum, XRP remain under pressure as risk-off sentiment persists

Bitcoin (BTC) is falling toward the immediate $63,000 support at the time of writing on Tuesday, weighed down by continued risk-off sentiment. Altcoins, including Ethereum (ETH) and Ripple (XRP), remain under pressure, trading below $1,900 and $1.10, respectively. Crypto market sentiment remains largely unresponsive and in the Fear territory, as reflected in the Fear & Greed Index.

Bitcoin price prediction: Is $60K back in focus as headwinds mount?

Bitcoin is falling towards 63k, at a 10-day low, as a sell-off in AI-linked stocks has hit risk sentiment, spilling over into cryptocurrencies and as investors look cautiously ahead to tomorrow's FOMC rate decision. Bitcoin is down 2.7% over the past 24 hours and more than 4% over the past seven days as it extends its pullback from 67k the July high reached last week.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.