Cryptocurrencies Price Prediction: PI, Crypto & Monero – European Wrap 12 August

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Pi Network Price Forecast: Pl nears key support amid bearish signals

Pi Network (PI) retraces under $0.4000 at press time on Tuesday, following its peak at $0.4661 on Sunday. The technical outlook suggests a bearish bias as trading volume decreases, with increasing chances of a 10% correction similar to the one seen in mid-July.

Crypto Today: Bitcoin, Ethereum, XRP trade broadly steady ahead of US CPI data

The cryptocurrency market is widely consolidating on Tuesday ahead of the release of the United States (US) Consumer Price Index (CPI) data. Bitcoin (BTC) holds above a key range support of $117,000 and $118,000 following the breakout to $122,335 on Monday.

Monero declines sharply on concerns about possible manipulation from Qubic Mining

Monero (XMR) price declines more than 7% on Tuesday, trading below $250 at the time of writing, after plunging over 11% last week. The privacy-focused cryptocurrency is facing heightened scrutiny from traders after Qubic Mining allegedly gained majority control of its hashrate, triggering fears of potential blockchain manipulation and undermining confidence in the asset’s security.

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Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.