Cryptocurrencies Price Prediction: Bitcoin, Ripple & EOS – European Wrap 29 May

FXStreet Team FXStreet

Bitcoin Price Update: BTC/USD ready for the moon once $9,600 is cleared

Bitcoin (BTC) extended the decline after an unsuccessful attempt to clear the resistance area of $9,500-$9,600. At the time of writing, BTC/USD is changing hands at $9,380, down nearly 2% since the beginning of the day. Bitcoin’s market capitalization is registered at $172 billion, which is 66% of the total digital assets value.

Ripple Weekly Forecast: XRP/USD stares into consolidation under $0.20 as Bitcoin spikes past $9,600

Ripple price has been lethargic in trading this week. On the downside, support established at $0.19 averted the sellers’ mission to retest May lows at $0.1750. Over the last 24 hours, there was an incredible performance in prices across the board especially for Bitcoin (BTC). Ripple is back to trading under $0.20 following a 1.05% loss on the day.

EOS Price Predictions: EOS/USD slumps below 4-hour SMA200, focus on $2.54

EOS/USD attempted a recovery above 4-hour SMA200 (currently at $2.65) and touched the intraday high at $2.67. However, the upside momentum proved unsustainable as the price of the digital asset dropped to $2.62, losing over 1% of its value in a matter of minutes. Since the start of the day, EOS/USD has barely changed, though it is still 3.5% higher from this time on Thursday.

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CLARITY Act approval odds sink fast ahead of Congressional hearing

The US House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Crypto Today: Bitcoin, Ethereum, XRP give back gains as tit-for-tat US-Iran strikes persist

Bitcoin has corrected by more than 1% on the day, trading below $63,000. This is part of a larger retracement from its weekly high of $65,600. Ethereum and Ripple similarly reflect overall pressure, with ETH falling toward the short-term $1,800 support and XRP hovering below the pivotal $1.10 level.

Dogecoin nears yearly low as bearish bias grows

Dogecoin extends its decline on Friday, trading near its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network (PI) shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.