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Cryptocurrencies Price Prediction: Bitcoin, Polkadot and Dogecoin – European Wrap 4 February

Bitcoin Weekly Forecast: BTC sets a bull trap before ultimate crash to $30,000

Bitcoin price has shown an increase in buyers over the past two days, leading to a quick run-up. This uptrend will likely last as BTC retests a crucial psychological level, luring buyers into a bull trap. Investors need to be cautious of a reversal that sends the big crypto in a tailspin. 

BTC/USDT 1-day chart

Polkadot price stares at a 15% gain as DOT shows signs of life

Polkadot price is on a leg-up that could extend higher and retest a resistance barrier confluence. Investors have the opportunity to position themselves in the right direction and capitalize on this short-term up move.

 
DOT/USDT 4-hour chart

Dogecoin nears 500,000 holders while DOGE price remains stagnant

The Shiba-Inu-themed memecoin, Dogecoin, has hit another milestone, reaching nearly half a million holders. Large wallet investors on Binance Smart Chain hold over 325 million Dogecoin tokens, implying that DOGE is a popular choice among whales. 

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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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XRP extends breakout as ETF inflows, futures demand drive momentum

Ripple rises on Friday to trade above $1.40 as bulls aim for a continuation of the rally above $1.50. The remittance token is up by more than 12% on the day and over 40% since Monday, reinforcing the bullish outlook.

Bitcoin Weekly Forecast: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.

Chainlink hits seven-month highs amid strong DeFi, institutional demand

Chainlink is up roughly 8% on Friday, pushing the price up over 20% so far this week into double digits. DeFi ecosystem records daily DEX volume of over $9 billion for three consecutive days as TVL rises to $84.76 billion.

Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflows

The cryptocurrency market remains bullish on Friday, led by Bitcoin’s surge above $77,000. Altcoins, including Ethereum and Ripple, mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.