Cryptocurrencies Price Prediction: Hedera, Bonk & Robinhood – European Wrap 18 November

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Hedera price surges more than 25% following a spike in trading volume

Hedera (HBAR) price surges more than 25% on Monday after rallying 64% last week. The rally was fueled by Canary Capital, which submitted an S-1 registration to the US Securities & Exchange Commission (SEC) for an HBAR exchange-traded fund (ETF), offering investors exposure to the crypto asset’s price. HBAR’s daily trading volume reached 1.4 billion on Monday, indicating a recent surge in traders’ interest, possibly hinting at further gains.

Bonk holds near record-high as traders cheer hefty token burn

Bonk (BONK) price extends its gains on Monday after surging more than 100% last week and reaching a new all-time high on Sunday. This rally was fueled by the announcement on Friday that BONK would burn 1 trillion tokens by Christmas. Bonk’s trading volume has reached its highest level since its launch in December 2022, while the technical outlook projects more gains toward a new high in the upcoming weeks.

Robinhood CEO calls UK approach to crypto “backwards”

Robinhood CEO Vlad Tenev criticized UK policymakers, calling their cryptocurrency trading approach “backwards” compared to the regulated gambling stance.

In an interview with The Times published on Sunday, Tenev supported individual autonomy in trading decisions and dismissed worries about potential addiction among young crypto traders.

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FXStreet Team

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CLARITY Act approval odds sink fast ahead of Congressional hearing

The US House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Crypto Today: Bitcoin, Ethereum, XRP give back gains as tit-for-tat US-Iran strikes persist

Bitcoin has corrected by more than 1% on the day, trading below $63,000. This is part of a larger retracement from its weekly high of $65,600. Ethereum and Ripple similarly reflect overall pressure, with ETH falling toward the short-term $1,800 support and XRP hovering below the pivotal $1.10 level.

Dogecoin nears yearly low as bearish bias grows

Dogecoin extends its decline on Friday, trading near its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network (PI) shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.