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Cryptocurrencies Price Prediction: Bitcoin, Venice & Crypto – European Wrap 9 June

Cryptocurrencies Price Prediction: Bitcoin, Venice & Crypto – European Wrap 9 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: Persistent ETF outflows continue to limit recovery

Bitcoin (BTC) trades slightly lower on Tuesday after encountering resistance near $64,000, a key technical barrier that is capping its recovery. Institutional demand remains subdued, with spot Bitcoin Exchange Traded Funds (ETFs) continuing to record net outflows, while Strategy (MSTR) added 1,550 BTC to its reserves on Monday. Meanwhile, market sentiment improved slightly after Iran and Israel halted a military escalation following an exchange of strikes, but it failed to lift BTC’s near-term recovery.

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Venice Price Forecast: VVV risks bearish reversal amid easing demand and revenue

Venice (VVV) is losing momentum, hovering near $16 at press time on Tuesday, after a rally of around 1,500% over the last six months. The easing of buying pressure is supported by declining token staking, burning, revenues, and retail interest, triggering a near-term sell signal.

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Crypto Today: Bitcoin, Ethereum, XRP edge lower despite Middle East tensions easing

Cryptocurrency prices trade amid persistent selling pressure on Tuesday. Bitcoin (BTC) hovers near $63,000, Ethereum (ETH) above $1,650, and Ripple (XRP) around $1.14, reflecting a subdued appetite for risk assets even as geopolitical tensions in the Middle East appeared to ease after Israel and Iran agreed to halt strikes.

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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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Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top altcoins, Ripple, Cardano, and Solana, hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period. The brief pause suggests that the markets have priced in October’s hot CPI of 0.4%, beating the 0.3% market expectation.

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Bitcoin corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum and Ripple. The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network price is holding steady around $0.0700 at press time on Thursday, consolidating around the round figure after Tuesday’s 8% rebound. The rebound coincided with a massive outflow of more than 590 million PI tokens from the OKX exchange wallet, suggesting reduced downside pressure.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.