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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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XRP recovery faces resistance as derivatives demand cools

XRP recovery faces resistance as derivatives demand cools

XRP holds support at the 50-day EMA, but the 200-day EMA may limit recovery. XRP bulls battle to regain control, while momentum indicators remain downward, weighing on price action.

Crypto Today: Bitcoin, Ethereum, XRP stabilize defying macro headwinds and ETF outflows

Crypto Today: Bitcoin, Ethereum, XRP stabilize defying macro headwinds and ETF outflows

Bitcoin is showing resilience, trading up above $76,000 on Thursday. The uptick follows the US Fed decision that hiked interest rates the day before. Meanwhile, ETH gains momentum toward $2,500, suggesting the return of bulls as macro headwinds settle.

Bitcoin extends cautious rebound as ETF outflows, hawkish Fed risks cap upside potential

Bitcoin extends cautious rebound as ETF outflows, hawkish Fed risks cap upside potential

Bitcoin extends rebound trading above $76,500 on Thursday after a mild recovery the previous day. The Fed’s hawkish outlook, alongside escalating Middle East tensions, could limit BTC upside potential.

Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Top Altcoins Price Forecast: Ripple, Cardano, Dogecoin – Downside risk looms amid market uncertainties

Ripple edges higher to $1.30 on Thursday, supported by its 50-day EMA at $1.28. Cardano holds near the short-term support trendline, with bulls attempting to reclaim the 50-day EMA at $0.1994.

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.