Cryptocurrencies Price Prediction: HYPE, Bitcoin & Crypto – European Wrap 28 August
Hyperliquid Price Forecast: HYPE rally stretches thin amid treasury growth, CFTC innovation push
Hyperliquid (HYPE) is down 2% on Friday after reaching a record high of 86.75 the previous day. Nasdaq-listed Hyperliquid Strategies Inc (PURR) raised almost $650 million in an equity deal to increase its HYPE holding to 29.3 million tokens. Hyperliquid is also pushing to expand its perpetual futures markets in the US.
Bitcoin Weekly Forecast: Billions in ETF inflows push BTC toward decisive breakout
Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows. Meanwhile, traders should be cautious as BTC remains below its 365-day moving average near $83,000, a level which could determine the Crypto King’s market regime.
Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows
Bitcoin (BTC) is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. A daily close below $80,000 could raise the probability of an extended correction in search of liquidity.
Meanwhile, Ethereum (ETH) and Ripple (XRP) mirror Bitcoin’s cooling trend, with ETH sliding to $2,500 and XRP falling toward $1.40 support.
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