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Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 2nd November

Cryptocurrencies Price Prediction: PI, Bitcoin & Crypto – European Wrap 2nd November
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Pi Network Price Forecast: PI tests long-term resistance breakout as selling pressure wanes

Pi Network (PI) is trading in the green on Monday, testing the bullish breakout of a long-term resistance trendline around $0.0788. Broader market sentiment is under bearish pressure, weighing on altcoins’ demand, with the Fear and Greed Index down to 36 on Monday from 43 last week. The technical outlook for the PI token indicates a mild upside bias as momentum gains strength.

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Bitcoin Price Forecast: BTC slips below $78,000 amid ETF outflows

Bitcoin (BTC) slips below $78,000 at the time of writing on Monday after posting its fourth straight weekly loss. Institutional demand shows signs of weakening, with spot Exchange Traded Funds (ETFs) recording outflows of over $202 million last week. Adding to this, the fallout from last week’s Binance security breach continues to weigh on traders’ sentiment, limiting the Crypto King’s recovery attempts.

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Crypto Today: Bitcoin, Ethereum and XRP consolidate amid weak market sentiment

Bitcoin (BTC) trades in lockstep around the initial $78,000 psychological support on Monday. This consolidation follows a sharp correction last week, triggered by investor reaction to the $6.3 billion Binance hack. Meanwhile, Ethereum (ETH) trades near $2,300, ticking up for the third straight day. Despite the subtle recovery from support around $2,200, caution remains dominant among traders, given key structural hurdles likely to limit ETH’s potential.

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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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Cardano Price Forecast: ADA defends key support level amid mounting bearish pressure

Cardano Price Forecast: ADA defends key support level amid mounting bearish pressure

Cardano continues to consolidate above its $0.1894 support level on Monday, stabilizing after roughly an 8% loss on last Thursday. On-chain data shows reduced activity among large-wallet investors, commonly referred to as whales, despite a rise in Cardano’s social chatter.

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana remains under pressure on Monday, hovering around $95.48 after extending its losing streak to five consecutive weeks. Bearish sentiment strengthens as SOL’s spot Exchange Traded Funds recorded weekly outflows of $71.47 million, marking the largest withdrawals since their launch.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Bitcoin, Ethereum, and Ripple recover slightly on Monday after closing October with four straight weeks of losses. BTC climbs above $78,462 after finding support around its key support zones, while ETH rebounds above $2,295 but remains below key Exponential Moving Averages, keeping its near-term outlook bearish.

Zcash Price Forecast: ZEC rebounds as ZODL founder now supports ending community grants

Zcash Price Forecast: ZEC rebounds as ZODL founder now supports ending community grants

Zcash (ZEC) shows signs of recovery on Monday, extending gains above $1,250 as the Zcash Open Development Lab (ZODL) founder, Josh Swihart, now supports the compromise proposal to end the 8% block reward share directed to Zcash Community Grants (ZCG).
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.