Cryptocurrencies Price Prediction: Bitcoin, Solana & Crypto – European Wrap 14 October

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC edges below $112,000 as US-China trade war escalates ahead of Powell’s speech

Bitcoin (BTC) price trades below $112,000 at the time of writing on Tuesday as it struggles around a key resistance zone. Weakness in BTC comes amid the rising US-China trade conflict, which further supports a bearish view and triggers a risk-off sentiment in the market. Moreover, the spot Bitcoin Exchange Traded Funds (ETFs) recorded an outflow of over $320 million on Monday, signaling cautious sentiment among institutional investors. Market participants now turn their focus to Federal Reserve (Fed) Chair Jerome Powell’s speech, which could spark fresh volatility across risk assets, such as Bitcoin.

Solana Price Forecast: SOL slides below $200 as US-China trade tension escalates

Solana (SOL) price trades below $200 at the time of writing on Tuesday, after facing rejection from the key resistance zone. The broader crypto market came under pressure as escalating US-China trade tensions fueled risk aversion among investors. Technical indicators for SOL hint at a possible short-term correction, with price action suggesting that a dead-cat bounce scenario may be unfolding.

Crypto Today: Bitcoin, Ethereum, XRP shake out weak hands amid volatility spike

Bitcoin (BTC) faces increasing volatility, falling below $112,000 on Tuesday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are extending losses alongside BTC, with ETH trading around the $4,000 level and XRP below the $2.50 short-term resistance.

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Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.