Cryptocurrencies Price Prediction: Bitcoin, PUMP & Crypto – European Wrap 11 August
Bitcoin Price Forecast: BTC retreats as ETF outflows, US‑Iran stalemate revive inflation worries
Bitcoin (BTC) struggles below $64,000 at the time of writing on Tuesday as rising Oil prices and uncertainty surrounding the US-Iran stalemate weigh on risk sentiment. Weakening institutional demand supports the pullback, as spot BTC Exchange-Traded Funds (ETFs) recorded outflows at the start of the week on Monday, adding near-term pressure on the Crypto King and keeping investors cautious.
Pump.fun Price Forecast: PUMP rallies on steady revenue, buybacks, and burns
Pump.fun (PUMP) is up nearly 3% so far on Tuesday, extending gains for the third consecutive day. A surge in weekly revenue, reaching an annual high last week, supports PUMP's recovery amid consistent token buybacks and burns. Retail demand holds firm for PUMP, with its futures Open Interest and funding rates rising. The technical outlook for PUMP is mildly bullish, though upside momentum is stretching into overbought territory.
Crypto Today: Bitcoin and Ethereum consolidate, XRP dips as optimism for a US-Iran deal fades
Bitcoin (BTC) maintains a neutral outlook on Tuesday while testing support at $64,000. Investors appear to be sitting on the fence, awaiting a catalyst for a breakout above $65,000. Ethereum (ETH) follows in Bitcoin’s footsteps, trading below $1,900 while anchored above the $1,800 demand zone.
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