Cryptocurrencies Price Prediction: Bitcoin, Pepe & Crypto – European Wrap 7 July

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC holds just below $109,000 after record weekly close

Bitcoin (BTC) edges slightly below $109,000 at the time of writing on Monday after registering its highest weekly close in history. Institutional and corporate demand remains a key driver, with Metaplanet adding 2,205 BTC on Monday and US-listed spot Bitcoin Exchange Traded Funds (ETFs) recording over $769 million in inflows last week.

SPX6900, Pepe Price Prediction: Meme coins to watch as Bitcoin targets new all-time highs

Meme coins Pepe (PEPE) and SPX6900 (SPX) edge higher at press time on Monday, signaling a bullish start to the week, after recovering significantly over the weekend as Bitcoin marked a record-high weekly close above $109,000.

Crypto Today: Bitcoin shows signs of weakness as Ethereum, XRP pare losses amid US Dollar resurgence

Cryptocurrency prices are relatively stable on Monday, with Bitcoin (BTC) holding below $109,000. An attempt made over the weekend failed to break through the round-figure psychological resistance at $110,000, leaving last week's peak of $110,530 untested. Bitcoin continues to face downside risk as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, rebounds above 97.00.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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