Cryptocurrencies Price Prediction: Ethereum, FTX & Bitcoin – European Wrap 09 May

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Ethereum price to slide lower as Binance congestion gridlock trips up top 3 coins

Ethereum (ETH) price had a rough session on Monday as Binance reported issues liftingf its ban on Bitcoin withdrawals that had to be reinstated only hours after it got lifted. With massive congestion as a result, major cryptocurrencies slid lower intraday and only saw some losses being pared back in the last US session on Monday. Ethereum price sees its bulls unable to break above the key 55-day Simple Moving Average (SMA) as the price undergoes a firm rejection and is bound to head substantially lower.

FTX creditors await retrieval of lost funds as Alameda Research receives $57.5 million in Tether

A crypto intelligence tracker Arkham Intel recently identified the on-chain transfer of more than $57 million in cryptocurrencies to Alameda Research’s wallets. These wallets are wholly controlled by the Bankruptcy Estate that was created to aid creditors of Samuel Bankman-Fried’s defunct firms – Alameda Research and FTX exchange.

Bitcoin price dips below $28,000 as global macro liquidity continues to drain

Bitcoin price has had a rather better performance over the last couple of weeks in comparison to the rest of the digital assets. This kept the cryptocurrency dominating the market, which, by the looks of it, might bear results if this happens.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

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.