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Cryptocurrencies price prediction: BTC, ETH & Crypto Market - American Wrap - 08 05

Cryptocurrencies price prediction: BTC, ETH & Crypto Market - American Wrap - 08 05
FXStreet TeamFXStreet TeamFXStreet

Coinbase acquires options broker Deribit in sweeping $2.9 billion deal

Crypto exchange Coinbase revealed that it is acquiring options broker Deribit for approximately $2.9 billion, comprising $700 million in cash and 11 million shares of Coinbase Class A common stock, subject to customary purchase price adjustments.

Crypto Today: BTC price hits $100K as Trump announces UK trade deal, boosting Ethereum, PEPE and Chainlink

The cryptocurrency sector valuation crossed the $3.1 trillion market on Thursday, as markets reacted to bullish macro pointers. 

Ethereum Ecosystem Performance, May 8 2025 | Source: Coingecko

Bitcoin breaks $100,000 again as US trade talks fuel crypto rally

Bitcoin price crossed $100,000 on Thursday and hovers around $101,525, at the time of writing. The largest cryptocurrency ignited a rally in meme coins, AI tokens and altcoins in the top 100 cryptos by market capitalization. 

BTC/USDT 15-minute price chart

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Solana dips as hawkish Fed cuts dampen market sentiment

Solana dips as hawkish Fed cuts dampen market sentiment

Solana (SOL) price is trading below $130 at the time of writing on Thursday, after being rejected at the upper boundary of its falling wedge pattern. The broader market weakness following the Federal Reserve’s hawkish rate cut has added to downside momentum.
Pi Network Price Forecast: PI declines as core team offloads 2 million tokens

Pi Network Price Forecast: PI declines as core team offloads 2 million tokens

Pi Network (PI) edges lower by 3% at press time on Thursday, marking its fifth consecutive day of losses. A transfer of 2 million PI tokens from the liquidity reserve, part of the Pi core team wallets, bolsters the bearish sentiment.

Cardano Price Forecast: ADA flips bearish as derivatives markets flout network growth

Cardano Price Forecast: ADA flips bearish as derivatives markets flout network growth

Cardano (ADA) extends losses by 5% at press time on Thursday, following the 3% decline on the previous day and breaking the local resistance trendline. Derivatives data indicate a bearish shift in the narrative, as Open Interest and the number of active long positions decline.

Sei Price Forecast: SEI slips despite volume surge as Xiaomi partnership boosts adoption outlook

Sei Price Forecast: SEI slips despite volume surge as Xiaomi partnership boosts adoption outlook

Sei (SEI) price trades in red, below $0.137 at the time of writing on Thursday, after retesting its key resistance level the previous day. Despite the pullback, on-chain data and market sentiment remain bullish.

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.