Cryptocurrencies Price Prediction: MAGA, Bitcoin & Crypto – European Wrap 9 August

FXStreet Team FXStreet

MAGA price poised for decline following negative on-chain data

MAGA (TRUMP) price continues to decline, trading down by 2.5% at $3.08 on Friday after a 20% drop since Monday. The Network Realized Profit/Loss metric shows rising selling pressure and a positive spike in the TRUMP's Exchange Flow Balance signals a bearish trend, indicating further declines in the upcoming days.

Bitcoin Weekly Forecast: Can BTC bounce back from recent market crash?

Bitcoin (BTC) trades above $60,000 on Friday after a 7.2% decline and a dip below the $50,000 level earlier in the week, following a test of its daily support level at around $49,900 on Monday. Arkham Intelligence data reveals that major investors such as BlackRock, MicroStrategy, Grayscale, and Fidelity retained their Bitcoin holdings during the sell-off. Additionally, on-chain data indicates that permanent holder addresses continue accumulating BTC despite recent market fluctuations.

The Boy’s Club, Base meme coins rally after crypto crash as Donald Trump Jr. announces new project

Bitcoin and Ethereum struggle under key resistance on Friday. Meanwhile, meme coins on Layer 2 chain Base and The Boy’s Club coins, like Pepe and PepeCoin, observe gains. Base-based meme coins and The Boy’s Club coins stand out from others in crypto as the sector yields nearly 25% gains in the last 24 hours.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks