Cryptocurrencies Price Prediction: Bitcoin, Ripple & Pi Network – European Wrap 26 June

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

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday. In addition, persistent geopolitical uncertainty and the Federal Reserve’s (Fed) hawkish stance continue to dampen risk appetite, keeping the Crypto King under pressure.

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

XRP clings to $1 as long liquidations deepen bearish trend

Ripple (XRP) trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours. In addition, derivatives metrics continue to favor the bears. The technical outlook suggests that XRP's next directional move depends on whether the key $1 support level holds.

The broader crypto market remained under pressure so far this week, and Bitcoin (BTC) slipped to a fresh yearly low of $58,115 on Thursday. This move triggered a massive liquidation in the crypto market. 

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network (PI) price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes. The technical outlook for PI is mixed as the prevailing bearish trend continues to weigh down on price.

The broader cryptocurrency market recorded $1 billion in wipeout over the last 24 hours as Bitcoin (BTC) slipped below $60,000 on Thursday, marking its lowest price in 20 months, as previously reported by FXStreet. However, Pi Network is up 3% so far on Friday, reflecting a mild recovery despite the broader market crash.