TRENDING:
US midterms
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum — Asian Wrap 06 June

Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum — Asian Wrap 06 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin eyes decline below $100,000 amid profit-taking and Trump-Musk clash

Bitcoin (BTC) declined 3% on Thursday, erasing more than $84 billion from its market capitalization as intense profit-taking from long-term holders (LTHs) and macroeconomic uncertainty impacted its price. Notably, a clash between President Donald Trump and Tesla CEO Elon Musk over the "One Big Beautiful Bill Act" has caused the top cryptocurrency to shift toward a short-term bearish outlook.

Bitcoin, Ethereum, XRP slides as Elon Musk and Trump clash over "One Big Beautiful Bill"

Bitcoin (BTC) dropped 3% on Thursday after Tesla CEO Elon Musk and US President Donald Trump engaged in a war of words over the One Big Beautiful Bill Act. The risk-off sentiment following the clash also saw altcoins, including Ethereum (ETH), XRP and Solana (SOL), sustaining losses.

Ethereum Price Forecast: ETH dives 7% amid stablecoin volume hitting $11 trillion in 2025

Ethereum (ETH) is declining over 7% on Thursday, moving below the $2,500 key level amid rising stablecoin activity across its ecosystem.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

Bitcoin (BTC) braces for the impact of the US midterm elections, just a week after the $6 billion hack from Binance. Historically, congressional elections have negatively affected not just the president’s party but also Bitcoin.

Bitcoin slips below $78,000 amid ETF outflows

Bitcoin slips below $78,000 amid ETF outflows

Bitcoin (BTC) slips below $78,000 at the time of writing on Monday after posting its fourth straight weekly loss. Institutional demand shows signs of weakening, with spot Exchange Traded Funds (ETFs) recording outflows of over $202 million last week.

Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

Bitcoin hovers above $78,000, building on the 100-day EMA support as market sentiment remains weak. Ethereum shows signs of recovery near $2,300, though upside remains technically capped.

Pi Network tests long-term resistance breakout as selling pressure wanes

Pi Network tests long-term resistance breakout as selling pressure wanes

Pi Network edges higher on Monday, testing the bullish breakout of a long-term resistance trendline. Fear and Greed Index declines to 36 from 43 last week, indicating reduced risk appetite.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.