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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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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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Cardano Price Forecast: Bulls eye a second leg higher as whales buy

Cardano Price Forecast: Bulls eye a second leg higher as whales buy

Cardano trades above $0.196 at the start of the week after posting double-digit gains over the past two weeks. ADA’s bullish price action is supported by steady whale accumulation. Meanwhile, derivatives sentiment is showing a slight bullish tilt, suggesting a second leg higher for ADA.

Shiba Inu Price Forecast: SHIB defends key support level amid possible whale support

Shiba Inu Price Forecast: SHIB defends key support level amid possible whale support

Shiba Inu price edges higher, bouncing off a key support level near $0.00000462. The meme coin shows early signs of renewed whale support, while retail demand holds firm, with rising Open Interest and funding rates. The technical outlook for SHIB indicates a mild bullish bias, supported by the intraday recovery.

Top 3 Price Prediction: BTC bulls strengthen, ETH eyes breakout, XRP rebounds

Top 3 Price Prediction: BTC bulls strengthen, ETH eyes breakout, XRP rebounds

Bitcoin and Ethereum show signs of strength as bulls defend key support on Monday after gaining 2% and 1.3% in the previous week. Meanwhile, Ripple recovers mildly at the start of the week after sliding over 5% last week.

Crypto Market Overview: Bitcoin steadies as BoJ flags possible rate hikes

Crypto Market Overview: Bitcoin steadies as BoJ flags possible rate hikes

The broader cryptocurrency market holds steady, with Bitcoin (BTC) trading near $65,000, above its 50-day Exponential Moving Average (EMA) of $64,702. The Bank of Japan (BoJ) released the summary of opinions from its July meeting, with nearly half of the board members leaning hawkish.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.