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Cryptocurrencies Price Prediction: Bitcoin, IOTA & EOS – European Wrap 8 June

Cryptocurrencies Price Prediction: Bitcoin, IOTA & EOS – European Wrap 8 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Prediction: BTC/USD eyes zoom in on $9,779 resistance – Confluence Detector

Bitcoin sideways trading has entered the new week after dominating the weekend session. It has become unviable to attempt a breakout above $10,000 because the last two spikes resulted in extreme dips. For now, Bitcoin has broken the weekend consolidation range at $9,700 and is teetering at $9,674. On the upside, I anticipate resistance at $9,800 and $10,000 respectively.

fxsoriginal

IOTA Market Update: IOT/USD is set to continue the downside correction

IOTA is the 24th largest digital asset with the current market value of $665 million and an average daily trading volume of $15 million. The coin is changing hands at $0.2380, mostly unchanged both on a day-to-day basis and since the beginning of Monday. Currently, the coin is moving within a short-term bearish bias within a tight range.

IOT/USD

EOS Chart Update: EOS/USD loses over 1% in a matter of minutes, recovery underway

EOS is changing hands at $2.77, down 1.4% since the start of the day. The coin takes the 9th place in the global cryptocurrency rating with the current market value of $2.6 billion and an average daily trading volume of $2.0 billion.

EOS

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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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Pepe Price Forecast: PEPE signals trend reversal amid a short squeeze

Pepe Price Forecast: PEPE signals trend reversal amid a short squeeze

Pepe price is up nearly 30% in the last 24 hours, outperforming most top cryptocurrencies and hinting at further upside potential. Derivatives data suggest a short squeeze of more than $2 million during the same period, forcing traders to buy back positions in the meme coin. The technical outlook for PEPE indicates an upside bias as bullish momentum strengthens.

Crypto Overview: Bitcoin tops $85,000 post-CLARITY Act failure – TAO and FET lead gains

Crypto Overview: Bitcoin tops $85,000 post-CLARITY Act failure – TAO and FET lead gains

Bitcoin price trades above $85,000 maintaining a constructive tone amid positive institutional inflows, Strategy’s first BTC purchase since August, and alternative regulatory expansions following the CLARITY Act's failure. AI tokens such as Bittensor (TAO) and FET have emerged as top performers over the last 24 hours.

Ripple and Stellar outlook: Momentum improves as bulls target further gains

Ripple and Stellar outlook: Momentum improves as bulls target further gains

Ripple (XRP) and Stellar (XLM) stabilize after extending their gains by nearly 9% at the start of the week. Improving momentum indicators support XRP and XLM bullish price action and hint at further rally. Meanwhile, traders should remain cautious as mixed derivatives data could limit upside as both tokens try to sustain their recent upswing.

Ethereum Price Forecast: ETH rallies above $2,700 as investors shrug off bearish sentiment

Ethereum Price Forecast: ETH rallies above $2,700 as investors shrug off bearish sentiment

Ethereum climbed above $2,700 on Monday after investors defended the realized price level despite negative sentiment over the Clarity Act's failure and the Federal Reserve rate hike. After the Clarity Act failed to advance in the Senate, ETH dipped below $2,400 last week. But right below that price is the top altcoin's realized price, or average on-chain cost basis, at $2,310.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.