Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum Classic – European Wrap 2 June

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Bitcoin Price prediction: BTC/USD holds above $10,000 ahead of another breakout

Bitcoin price shot above $10,000 for the first time since the first week of May. A day before halving, Bitcoin dumped massively to levels close to $8,000. Recovery had been lethargic in the last two weeks, with resistance first at $9,000 and later at $9,700. However, Monday’s breakout above $10,000 paved the way for a flash rally to $10,410 (June highs). In the last 12 hours, Bitcoin has retreated but defended the ground above $10,000.

Ripple Chart Analysis: XRP/USD to target at daily SMA200, if $0.2100 holds

Ripple’s XRP settled above $0.2100 amid strong bullish momentum on the cryptocurrency market. At the time of writing, XRP/USD is changing hands at $0.2111. The coin has gained over 3% on a day-to-day basis and stayed unchanged since the beginning of the day, moving within a short-term bearish trend amid expanding volatility. The intraday high is registered at $0.2121, while the current intraday low is $0.2112. Ripple is now the third-largest cryptocurrency in the global cryptocurrency rating with the market capitalization of $9.3 billion and an average daily trading volume of $1.7 billion.

Ethereum Classic Update: ETC/USD has a potential to reach $8.00 if move above $7.00 is sustained

ETC discovered a bug that led to desynchronization of Parity Ethereum with ETC blockchain. The team has released a hotfix and asks all OpenEthereum node operators using this software to update to the latest version. The owners of Core-geth nodes were not affected.

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.