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Cryptocurrencies Price Prediction: Pepe, Bitcoin & Arbitrum — Asian Wrap 07 June

Cryptocurrencies Price Prediction: Pepe, Bitcoin & Arbitrum — Asian Wrap 07 June
FXStreet TeamFXStreet TeamFXStreet

Pepe price erasing the entire May 5 dump in 24 hours could be a bull trap

Pepe (PEPE) price has recorded a stunning rally over the previous day, restoring all the ground lost during the Monday trading session. While a first looker may see this as a bull market signal for the sensational meme coin, other fundamentals indicate that the rally will not sustain.

Bitcoin price recovers to $27,000 even as SEC files to freeze Binance.US assets

Bitcoin price, the leader of cryptocurrencies, first took the market down with itself when it crashed less than 48 hours ago. Not so soon later, BTC is back to the same place where it was a day ago and is also pulling the crypto market back up. However, SEC does not seem interested in taking a break from pursuing an end to Binance.

Arbitrum community to vote for AIP budget proposal as ARB hints 10% gains

The Arbitrum (ARB) community is on course with preparations for the AIP voting, an Administrative Budget Wallet to help promote the growth and development of the Arbitrum ecosystem.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple clings to $1.25 support as Binance reserves hit five-year low

Ripple clings to $1.25 support as Binance reserves hit five-year low

XRP bulls gather around $1.25, eyeing a short-term recovery attempt as the broader crypto market consolidates. Binance's XRP reserves fall sharply, reaching the lowest level since 2021 following the resumption of withdrawals on the exchange.

Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Crypto Today: Bitcoin, Ethereum, XRP under pressure as investors pull capital

Bitcoin trades downward at $76,566 on Tuesday, testing six-week lows. Ethereum, like Bitcoin, trades under pressure as it consolidates within a narrow support range. Meanwhile, Ripple hovers marginally above $1.25.

Bitcoin risks deeper losses as the 200-day EMA comes under pressure

Bitcoin risks deeper losses as the 200-day EMA comes under pressure

Bitcoin slips toward the key support zone around $76,455 on Tuesday, after falling nearly 2% the previous day. The largest cryptocurrency by market capitalization nears a make-or-break level, with a daily close below $76,455 suggesting a deeper breakdown.

Top Altcoins Price Forecast: Ripple, Cardano, and Solana brace for further downside move

Top Altcoins Price Forecast: Ripple, Cardano, and Solana brace for further downside move

Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), remain weak ahead of the US midterm elections on Tuesday, as last week's $6.3 billion Binance hack has dampened social sentiment.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.