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Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Crypto – European Wrap 6 May

FXStreet Team FXStreet

Major meme coins Dogecoin, Shiba Inu slide as Turbo surges 250% in a month

Cryptocurrency prices are broadly stagnating on Tuesday, ahead of the Federal Reserve (Fed) meeting on the decision on interest rates on Wednesday. Leading meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) face sticky overhead pressure, making recovery elusive, while downside risks emerge. However, Turbo, a relatively smaller meme token, outperformed major assets, increasing over 12% on the day to trade at $0.006 at the time of writing.

Bitcoin Price Forecast: BTC bulls show signs of exhaustion as holders realize profits, and dormant wallets are moving

Bitcoin (BTC) price is hovering around $94,000 at the time of writing on Tuesday after failing to close above the key resistance level of $97,700 last week. On-chain data shows that BTC holders are realizing profits. Additionally, BTC’s dormant wallets are moving, and if tokens are sent to exchanges, the selling pressure could increase.

Crypto hovering at altitude

The cryptocurrency market is losing about 1%, charting a downward trend after soaring in the second half of April and plateauing at the very end of the month. With a market capitalisation of $2.94 trillion, the cryptocurrency market is just over 1% below the levels of a week ago. Among the top coins over the past seven days, anonymous Monero and zCash remain in the lead, remaining in positive territory after surging due to a hacker theft last week, which reminds us of the advantages of this type of coin.

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FXStreet

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.

Bitcoin could risk $50,000 amid the US-Iran war, mirroring the Russia-Ukraine war losses

Bitcoin (BTC) remains at downside risk amid escalation in the Middle East war, as Iran retaliates against the US, Israel, and its neighbouring countries. Drawing parallels to the early days of the Russia-Ukraine war, Bitcoin could extend losses below $60,000.

Crypto Today: Bitcoin, Ethereum, XRP pull back as sentiment remains in extreme market fear

The cryptocurrency market is broadly in the red on Tuesday as the Middle East grapples with an escalating war. Bitcoin (BTC) is in a pullback, trading below $67,000 at the time of writing, and most altcoins follow suit.

Bitcoin slips below $67,000 as risk-aversion grows amid escalating US-Iran war

Bitcoin price slides 3% on Tuesday, nearly erasing the previous day's rebound. US-listed spot ETFs recorded an inflow of more than $450 million while Strategy added 3,015 BTC on Monday.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.