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Cryptocurrencies Price Prediction: Bitcoin, Solana and ApeCoin – European Wrap 6 June

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos hint at a bullish week with a twist

Bitcoin price reveals its bullish move after tight consolidation over the weekend. This impulsive move has caused many altcoins to explode as well. Ethereum and Ripple have followed suit but are far away from reaching their short-term objective.

BTC/USD 4-hour chart

Solana price to tag $50 following upgrade to prevent network outages

Solana blockchain is protected against halts and outages with an upcoming upgrade for durable nonce transactions. Institutional capital is flowing out of Solana to the Ethereum-killer Cardano network. Analysts remain bullish on the Solana price rally. 

 
Indicators on Solana price chart

Is ApeCoin price gaining steam for a significant movement?

ApeCoin price has been consolidating between many barriers for roughly three weeks, hinting at an explosive move. Considering the bullish weekly open for Bitcoin, there is a chance for this volatility to support the bulls.

APE/USDT 4-hour chart

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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.

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Ripple defends 50-day EMA as Standard Chartered launches RLUSD custody

Ripple is coming under intense selling pressure, trading around $1.40 on Monday. The remittance token appears to lack the required tailwind to sustain its recovery, while broader crypto market headwinds weigh on price action.

NEAR Protocol rally stalls below $6 amid firm ETF inflows

NEAR Protocol is down 3% at press time on Monday, ticking lower after rallying 30% over the last three days as buying pressure eases. The recovery aligns with Bitwise’s NEAR-focused ETF recording its second weekly inflow of over $13 million last week.

Bitcoin struggles as ETF outflows, geopolitical uncertainty weigh

Bitcoin steadies around $83,600 at the time of writing on Monday, after a 3.1% decline last week. Institutional demand shows weakening signs, with spot ETFs recording $681.10 million in net outflows last week, ending a three-week streak of inflows.

Crypto Today: Bitcoin, Ethereum and XRP face recovery headwinds as ETF outflows weigh

Cryptocurrency prices are broadly consolidating on Monday, with select tokens such as Ethereum slowly edging higher above $2,500. Bitcoin holds above $84,000 as bulls battle seller congestion, while Ripple consolidates around $1.40.

Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.