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Cryptocurrencies Price Prediction: Dogecoin, Solana & Bitcoin – American Wrap 30 May

Dogecoin price is positioned for a charge back to $0.11

Dogecoin price has begun an uptrend move mentioned in last week’s thesis. The next target of $0.11 has newer investors allocating some of their portfolios to the notorious dog coin.

Solana price nears a bottom as passive income platforms resurface

Solana price display thought-provoking price action amongst crypto enthusiasts. This weekend, the bulls managed to establish some support at the $43 level. The newly established bullish barrier is certainly an unforeseen anomaly, which has investors wondering whether or not to provide additional support. Besides, the bullish structure couldn't have happened at a better time as a new passive income platform LOG and Solana network are advancing forward with development in the DeFi arena.

Bitcoin is back above $30,000, hinting at bullish week ahead

Bitcoin kicked off the week in a great posture, jumping by more than 5.20% since Monday's open. The sudden bullish impulse allowed BTC to slice through the psychological $30,000 resistance barrier to hit a high of $30,980 over the past few hours. Prices have retraced since then, and now the pioneer cryptocurrency currently trades around $30,700. 

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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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Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery
Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks
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Bitcoin pulls back as another golden cross fails to deliver
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Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.