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

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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.

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Top 3 Price Prediction: BTC slides to a fresh yearly low, ETH breaks down, XRP signals more losses

Bitcoin, Ethereum and Ripple remain under heavy selling pressure on Friday, falling over 7%, 9% and 8% respectively. BTC has fallen to a fresh yearly low, ETH slipped below key support, while XRP continues to lose momentum. The technical outlook for these top three cryptocurrencies suggests bears remain firmly in control, hinting at deeper losses.

Crypto Market Overview: Bitcoin logs a 20-month low – Worldcoin, Pepe lead losses

The broader cryptocurrency market is facing relentless selling, pushing Bitcoin down to $58,000 on Friday and liquidating over $1 billion in 24 hours. Worldcoin and Pepe have emerged as the biggest losers over the same period, as bearish grip tightens on retail sentiment.

Bitcoin briefly hits $58K as short-term holder weakness deepens, macro conditions trigger liquidations

Bitcoin fell briefly toward the $58,000 level on Thursday as mounting macroeconomic uncertainty, weakening short-term investor conviction and widespread liquidations intensified selling pressure across crypto. The decline came amid a sharp reversal in US equities, erasing roughly $1 trillion from the S&P 500, while Bitcoin briefly touched $58,000 for the first time in 21 months.

Uniswap adds $150M in Spark stablecoin liquidity, launches no-code token auction tool

Uniswap received $150 million in stablecoin liquidity from Spark, with the assets set to transition to DualPool, a new custom liquidity hook, according to an announcement on Thursday. Under the new setup, liquidity providers will be able to earn swap fees while their underlying assets continue generating yield, eliminating the need to choose between the two.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.