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Cryptocurrencies Price Prediction: Bitcoin, Toncoin & Crypto – European Wrap 8 August

FXStreet Team FXStreet

Bitcoin price poised for relief rally before continuing downtrend

Bitcoin's (BTC) price is recovering from initial weekly losses after a 7% drop on Monday, trading 3.8% higher at $57,245 at the time of writing on Thursday. Meanwhile, Metaplanet secured a ¥1 billion loan at a 0.1% Annual Percentage Rate (APR) on Thursday to fund additional Bitcoin purchases. However, on-chain data shows negative funding rates, indicating prevailing bearish sentiment and the dominance of short sellers. This suggests that the broader downward trend may continue in the coming days.

Toncoin price surges 11% as Binance announces listing

Toncoin (TON) trades 11.8% higher at $6.07 on Thursday following Binance’s announcement of the TON token listing. TON’ price retested the daily support level at $4.83 on Monday and surged 9.5% the following day, as on-chain data also reveals a capitulation event that day, suggesting the potential for a rally in the coming days.

XRP and Toncoin enjoy some good news

The crypto market has been quietly hovering around the $2 trillion mark for the past two days. However, this could be a base formation followed by an upside momentum as the market recovers from the shock sell-off since early August. This sell-off has been closely linked to the sell-off in BTC and ETH due to their close ties to institutional holders.

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FXStreet

Solana Price Forecast: SOL consolidation near resistance as ETF inflows offer mild support

Solana price is facing slight rejection as it approaches the upper boundary of the consolidation range at around $88 on Wednesday. Institutional demand is strengthening as spot Exchange Traded Funds recorded two consecutive inflows so far this week.

Bitcoin holds firm despite Middle East tensions, eyes recovery - K33

Bitcoin (BTC) held steady near $68,000 despite Middle East tensions, as K33 cited easing long-term selling pressure, rare derivatives signals, and improving inflows as indicators of a rebound.

Top 3 Price Prediction: Bitcoin, Ethereum, and Ripple struggle for direction as consolidation persists

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market.

Ethereum Price Forecast: Whales step up buying as short positions contract

After holding firm heading into the last weekend, Ethereum (ETH) whales have returned to action, pouncing on the volatility stemming from escalating military actions between the US and Iran.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.