Cryptocurrencies Price Prediction: Litecoin, Pi Network & Ethereum — Asian Wrap 26 June

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Litecoin Price Forecast: LTC holders’ profit-taking activity reaches three-month high

Litecoin (LTC) is stabilizing at around $85 at the time of writing on Thursday, having recovered 6% so far this week. On-chain data indicate early bearish signals for LTC as holders’ profit-taking activity reaches a three-month high and dormant wallets’ activity increases, signaling growing selling pressure. Additionally, a specific whale has offloaded 340,000 LTC tokens, signaling a bearish outlook for its price.

Top Crypto Gainers Price Prediction: Pi Network, Kaspa, Bitget eye further gains on bullish momentum

Pi Network softens marginally at press time on Thursday following the 16% jump the previous day. The recent buzz aligns with the Pi Network team's teasing of generative AI integration, as reported by FXStreet. Amid the uptrend, Pi Network surpasses a critical resistance level formed by peaks on May 22 and June 14. Adding to this, a converging support trendline extrapolated over May 17, May 31, and June 17 completed a falling wedge pattern.

Ethereum Price Forecast: Bitcoin miner pivots to ETH treasury strategy

Ethereum (ETH) is down 1% over the past 24 hours following Bitcoin (BTC) miner Bit Digital's (BTBT) announcement on Wednesday that it's pivoting toward an ETH staking and treasury strategy. After two consecutive days of recording gains following the Israel-Iran ceasefire, bulls have lost steam as Ethereum registered the 1% decline. The decline was spurred by a rise in Ethereum's exchange reserve, indicating low demand and a modest increase in the sell-side pressure.

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XRP approaches key support as risk-off sentiment deepens

Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.

Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment

The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.

The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes

Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).

The crypto market is moving in the opposite direction to equities

The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.