Cryptocurrencies Price Prediction: Ethereum, Solana and FTT – European Wrap 7 November

FXStreet Team FXStreet

Ethereum price action tanks over weekend as Monday starts choppy

Ethereum (ETH) price action popped higher by over 7% on Friday after the US job numbers. Traders perceived the number as positive, because it could point to the Fed slowing its murderous rampage of hiking ferociously. Instead, the penny dropped over the weekend, with traders claiming their winnings as the realisation came that the Fed will not stop just yet and will push forward, overshooting the market’s initial target for the terminal rate.

Solana price: Will assurance from co-founder at Breakpoint conference help SOL?

Solana blockchain was hit by multiple outages throughout the year. Anatoly Yakovenko, co-founder of Solana addressed this issue at the Breakpoint 2022 annual conference and assured users that new updates would tackle their concerns. Analysts believe Solana price could plummet lower under a wave of fresh selling pressure.

Bitter exchange sees $584 million worth of FTX’s native token FTT liquidated after spat between CEOs

Binance CEO Changpeng Zhao (CZ) and FTX’s Samuel Bankman-Fried have locked horns over how cryptocurrencies should be regulated. The war of words entered the financial realm after CZ announced the mass liquidation of Binance’s holdings of FTX’s native token FTT.

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FXStreet Team

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.