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Cryptocurrencies Price Prediction: Bitcoin, VeChain and Polkadot – European Wrap 8 November

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH leads crypto market rally with new all-time high

Bitcoin price has been on a steady uptrend for the past two days and shows signs of continuing. Ethereum and Ripple are following the big cryptic and are heading higher. This trend is likely to translate to other altcoins in the market soon.

BTC/USD 1-day chart

VeChain price flips crucial barrier, triggering 63% breakout to new all-time highs

VeChain price has been stuck under a stiff resistance level for roughly five months but recently managed to break above and flip it into a support level. This development screams a massive uptrend is on its way. 

VET/USDT 1-day chart

Polkadot price to explode to $100 as parachain and crowdloan proposal passes

Polkadot price saw a massive uptick in buying pressure on November 1, which pushed it into the price discovery mode for a brief period. However, this run-up was based on fumes, which has led to consolidation under a crucial resistance barrier. A breach of this level is likely to propel DOT to new highs.

DOT/USDT 1-day chart

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.