Cryptocurrencies Price Prediction: Dogecoin, Toncoin & Bitcoin — Asian Wrap 30 August

FXStreet Team FXStreet

Dogecoin price forecast with $1.88 million in short positions liquidated

Dogecoin (DOGE) price rallied alongside the rest of the market, fueled by a positive break in Grayscale asset manager’s litigation against the US Securities and Exchange Commission. Another factor that may have sparked optimism among DOGE holders is news of social media platform X adding crypto payments under the leadership of Elon Musk.

Toncoin price rise threatens Justin Sun’s TRON as the tenth biggest crypto asset, but not for long

Toncoin price is riding the bullish wave thanks to Grayscale’s win against the Securities and Exchange Commission (SEC) in the lawsuit on Tuesday. Along with the rest of the altcoins, TON also witnessed a sizable increase, which is now placing it in competition with Justin Sun’s Tron.

BTC hard fork tokens bank on Bitcoin price breaching $27,500, rallying nearly 20%

Bitcoin price made a splash over the past 24 hours and inflicted a bullish impact on the rest of the market as well. While altcoins were expected to follow BTC’s lead, some particular tokens managed to sneak in significant rallies with just one common factor - having Bitcoin in their name.

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FXStreet Team

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Ripple nears lifeline support as macro risks intensify

Ripple continues to face significant selling pressure, sliding below $1.10 at the time of writing on Wednesday. This decline mirrors the broader weakness in the crypto market, exacerbated by mounting macroeconomic headwinds and persistent geopolitical uncertainties.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East, especially as the US and Iran continue to offer conflicting accounts of the nuclear discussions.

Cardano vulnerable to deeper losses amid SecondFi exploit

Cardano price hovers below $0.1500 at press time on Wednesday, extending a refreshed bearish impulse move of over 20% in the last nine days. The exploitation of the Cardano ecosystem’s SecondFi wallet-generation software, resulting in a loss of about 16 million ADA, weighs on retail strength.

Bitcoin struggles as institutional demand remains weak

Bitcoin remains under pressure, trading around $62,700 on Wednesday after losing 2% the previous day. Persistent institutional selling, with spot Exchange Traded Funds (ETFs) recording outflows on Tuesday, continues to weigh on BTC.

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.