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Cryptocurrencies Price Prediction: Bitcoin, PI & Crypto – European Wrap 7 August

Cryptocurrencies Price Prediction: Bitcoin, PI & Crypto – European Wrap 7 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading near $64,100 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand. Traders should watch the upcoming US Nonfarm Payrolls (NFP) report later on the day, which could trigger increased volatility for the Crypto King.

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Pi Network Price Forecast: PI risks bearish reversal from key resistance trendline

Pi Network (PI) edges lower on Friday, extending the losses from the previous day. Retail demand holds firm in the near term, as PI futures Open Interest has remained above $9 million over the last three days. The technical outlook for PI highlights a downside risk as the price remains capped by an overhead trendline near $0.0910.

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Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions

Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout. Meanwhile, Ripple (XRP) maintains a dominant bearish outlook, edging lower toward the crucial $1.00 support.

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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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Ondo Price Forecast: ONDO vulnerable to deeper losses amid CLARITY Act delay

Ondo Price Forecast: ONDO vulnerable to deeper losses amid CLARITY Act delay

Ondo is down over 2% on Friday, extending its 4% decline from the previous day, as the US Senate delays the floor vote on the crypto CLARITY Act to next month, weighing on Ondo. Retail demand for ONDO eases as Open Interest declines and funding rates turn negative. The technical outlook for ONDO is bearish as the downside momentum gains traction.

Ethereum Weekly Forecast: Calm before a bullish breakout

Ethereum Weekly Forecast: Calm before a bullish breakout

Ethereum continues to trade sideways, hovering around $1,901 on Friday, hinting at a potential breakout ahead. Meanwhile, steady Exchange Traded Funds inflows and rising accumulation among large ETH holders suggest that bullish pressure could be building beneath the surface. Institutional demand continues to strengthen.

Crypto Overview: US Senate delays Clarity Act vote – Cardano and LayerZero sustain gains

Crypto Overview: US Senate delays Clarity Act vote – Cardano and LayerZero sustain gains

Bitcoin price holds steady above $64,000 with the 50-day Exponential Moving Average at $64,637 capping gains. The US Senate has delayed the floor vote for the Crypto Clarity Act after the summer recess, starting Monday. Cardano and LayerZero hold gains from the previous day's rebound, outperforming top altcoins over the last 24 hours.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1

Bitcoin (BTC) and Ethereum (ETH) remain under pressure on Friday after mild gains, while Ripple (XRP) slides over 5% so far this week. BTC faces rejection near a key resistance barrier, and ETH has been trading sideways for the last 22 days. Meanwhile, XRP is gravitating its correction toward the key $1 support zone.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.