|

Cryptocurrencies Price Prediction: Chainlink, Bitcoin & Solana – European Wrap 8 September

Chainlink Price Forecast: LINK eyes 18% breakout after Grayscale ETF filing

Chainlink (LINK) is trending higher, exchanging hands above $23.00 on Monday, buoyed by news that Grayscale has filed with the United States (US) Securities & Exchange Commission (SEC) to launch a LINK exchange-traded fund (ETF).

Grayscale has submitted an S-1 filing to the SEC, seeking permission to provide access to a Chainlink spot ETF. The application aligns with Grayscale’s broader initiative to expand access to digital assets beyond its current offerings, which include Bitcoin (BTC) and Ethereum (ETH).

Chart

Bitcoin Price Forecast: BTC reclaims above $111,500 as Fed rate cut optimism, fresh corporate buys boost sentiment

Bitcoin (BTC) trades in green above $111,800 on Monday, supported by growing optimism over potential Federal Reserve (Fed) interest rate cuts and renewed institutional demand. Corporations such as Metaplanet and government entities in countries like El Salvador added BTC to their reserves, boosting market sentiment for the largest cryptocurrency by market capitalization.

Bitcoin price extends its gains, trading above $111,900 during the early European trading session on Monday, after recovering almost 3% last week. This recovery came as the US Nonfarm Payrolls report released on Friday showed that the economy added just 22,000 jobs in August, missing market expectations by a big margin. 

Chart

Solana Price Forecast: SOL steadies as adoption strengthens with USDG growth and Nasdaq listing

Solana (SOL) price remains above $207 at the time of writing on Monday, having recovered nearly 3% last week. Robinhood-backed USDG stablecoin has seen its supply on Solana surge nearly 160% over the past month, overtaking Ethereum (ETH) and highlighting the growing adoption of the SOL network. Moreover, SOL Strategies Inc. is preparing to debut as the first Solana treasury company listed on Nasdaq, starting on Tuesday, underscoring the network’s expanding footprint.

SOL Strategies Inc., a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, announced on Friday that it has received approval to list its common shares on the Nasdaq Global Select Market.

SOL

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple and Stellar outlook: XRP rally cools, XLM heads toward a make-or-break support

Ripple and Stellar trade under pressure after losing over 2% and 3% so far this week. XRP and XLM are both nearing their crucial support zones, which could determine the next directional move. Meanwhile, mixed derivatives and on-chain data suggest upside potential remains limited for both altcoins. CryptoQuant’s summary data shows cautious signs for both altcoins.

Crypto Overview: Bitcoin dips below $78,000 – NEAR, ZEC sustain gains

Bitcoin trades below $78,000 maintaining a near-term corrective tone amid hawkish macroeconomic factors. US bond market shrugs off the US Treasury's increase in buyback operations to $6 billion in long-term debt as yields continue to rise, signaling an insufficient step amid the ongoing war with Iran.

Bitcoin outperforms global assets as $83K-$86K resistance zone continues to weigh on rally

Bitcoin has continued to recover from its mid-year weakness, outperforming major traditional assets over the past month, amid strong resistance around the $83,000 to $86,000 range. BTC gained 23% over the past 21 trading sessions, while the S&P 500 and Nasdaq 100 were broadly flat and the Euro Stoxx 50 declined, according to a Glassnode report published Wednesday.

Ethereum Price Forecast: ETH holds near $2,500 amid derivatives weakness
Ethereum (ETH) holds steady near $2,500 on Wednesday amid weakness in derivatives and mild buying dominance in spot markets. Since the short squeeze that expanded ETH's rally toward $2,500 in late August, meaningful leverage has yet to return to support the uptrend.
Bitcoin: Gearing up for a sharp move
Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.