Cryptocurrencies Price Prediction: DOGE, Bitcoin & Crypto – European Wrap 30 October

Dogecoin Price Forecast: DOGE risks further downside amid ETF outflows, long unwinding

Dogecoin (DOGE) price hovers around $0.0756 at press time on Friday, stalling further downside move after losing over 5% the previous day. The meme coin sees reduced demand at both institutional and retail levels, with Exchange Traded Funds (ETFs) outflows exceeding $500,000 this week and its futures Open Interest declining toward $1 billion. The technical outlook for DOGE indicates a bearish bias with a roughly 10% downside potential toward the annual low of $0.0676.

Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations. 

Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach

Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.