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Cryptocurrencies Price Prediction: Bitcoin, Solana & Crypto – European Wrap 27 August

FXStreet Team FXStreet

Bitcoin approaching critical support zone $61,400

Bullish rebound took a break at 65000 mark where sellers entered with some maths in their minds as they aim to buy at better bargain down there.

Two days of consistent price correction has reached 62200 and support sits close by, at 61800 and 61400.

Bulls will have to defend this zone if they have anything in the back of their minds to resume the bullish streak right from somewhere this area.

Solana hovers around $160 as SOL-based stablecoin hits $1 billion market cap

Solana-based PayPal stablecoin (PYUSD) has exceeded the $1 billion threshold in market capitalization, supporting the Solana network’s on-chain activity and demand. Solana’s native token SOL price hasn’t moved following the news and it is trading broadly unchanged on Tuesday at around $160.

Crypto market has cooled slightly

The crypto market failed to grow steadily, with total capitalisation falling 1.6% to $2.21 trillion. This is a slight correction following the unimpressive performance of the equity market. The Sentiment Index fell back into neutral territory, losing 7 points on the day to 48.

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FXStreet Team

FXStreet

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