Cryptocurrencies Price Prediction: Bitcoin, Pendle & Ethereum — Asian Wrap 08 August

FXStreet Team FXStreet

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP rally as Trump moves to allow crypto in 401(k) plans

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices are approaching their key resistance levels on Friday after rallying by 2%, 6% and 11%, respectively, in the previous day. This surge in the top three cryptocurrencies comes after reports emerged on Thursday that the United States President Donald Trump is set to sign an executive order that will pave the way for the inclusion of alternative assets, including crypto, in US 401(k) retirement accounts.

Crypto Market Gainers: PENDLE, MNT, AERO flip bullish with double-double gains

Pendle edges higher by over 2% at press time on Friday, extending the 25% surge from Thursday. The recovery run hits the highest price since January 7, targeting the year-to-date high of $5.59. The Moving Average Convergence Divergence (MACD) line crosses above its signal line, flashing a buy signal as bullish momentum resurfaces. The Relative Strength Index (RSI) stands at 66 on the daily chart, rising towards the overbought zone, which indicates heightened buying pressure.

Ethereum Price Forecast: SharpLink plans $200 million treasury boost as ETH outperformance continues

Ethereum (ETH) is up 4% on Thursday following SharpLink Gaming's (SBET) $200 million stock offering, of which it intends to use the proceeds to purchase additional ETH. Ethereum treasury firm SharpLink Gaming revealed it entered into a purchase agreement with estimated gross proceeds of $200 million to increase its ETH acquisition.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.