Cryptocurrencies Price Prediction: Pi, Bitcoin & Aave – European Wrap 27 June

CoinDesk Analysis Team CoinDesk

Pi Network Price Forecast: CEXs' reserve outflow fuels recovery chances ahead of Pi2Day’s GenAI claims

Pi Network (PI) drops by 4% at press time on Friday, extending its reversal from the 50-day Exponential Moving Average (EMA). Amid the pullback, the falling Centralized Exchanges (CEX) reserves record a sharp outflow, signaling smart money absorbing the supply pressure. Still, the claims of Generative AI features on Pi Network are to be potentially announced on Pi2Day on Saturday.

Bitcoin Weekly Forecast: Inches away from all-time highs

Bitcoin (BTC) price has risen nearly 7% so far this week and is currently trading above $107,000 at the time of writing on Friday, just inches away from its all-time high. The rebound comes as global risk sentiment improves following a ceasefire between Iran and Israel and as the US Federal Reserve (Fed) announced a softer stance on crypto-related banking at the start of the week.

Aave Price Prediction: AAVE surges over 10% this week as on-chain metrics and bullish bets soar

Aave (AAVE) price is trading higher above $260 at the time of writing on Friday, following an over 10% rally so far this week. Three reasons why AAVE could extend its gains ahead are that its on-chain data shows that active loans and revenues have reached record levels. On the technical side, the price action indicates that it has rebounded from key support earlier this week. Lastly, the derivatives data shows that the bullish bets are rising among traders, all hinting at further upside moves.

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CoinDesk Analysis Team

CoinDesk

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

Top 3 Price Prediction: BTC slides to a fresh yearly low, ETH breaks down, XRP signals more losses

Bitcoin, Ethereum and Ripple remain under heavy selling pressure on Friday, falling over 7%, 9% and 8% respectively. BTC has fallen to a fresh yearly low, ETH slipped below key support, while XRP continues to lose momentum. The technical outlook for these top three cryptocurrencies suggests bears remain firmly in control, hinting at deeper losses.

Crypto Market Overview: Bitcoin logs a 20-month low – Worldcoin, Pepe lead losses

The broader cryptocurrency market is facing relentless selling, pushing Bitcoin down to $58,000 on Friday and liquidating over $1 billion in 24 hours. Worldcoin and Pepe have emerged as the biggest losers over the same period, as bearish grip tightens on retail sentiment.

Bitcoin briefly hits $58K as short-term holder weakness deepens, macro conditions trigger liquidations

Bitcoin fell briefly toward the $58,000 level on Thursday as mounting macroeconomic uncertainty, weakening short-term investor conviction and widespread liquidations intensified selling pressure across crypto. The decline came amid a sharp reversal in US equities, erasing roughly $1 trillion from the S&P 500, while Bitcoin briefly touched $58,000 for the first time in 21 months.

Uniswap adds $150M in Spark stablecoin liquidity, launches no-code token auction tool

Uniswap received $150 million in stablecoin liquidity from Spark, with the assets set to transition to DualPool, a new custom liquidity hook, according to an announcement on Thursday. Under the new setup, liquidity providers will be able to earn swap fees while their underlying assets continue generating yield, eliminating the need to choose between the two.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.