Cryptocurrencies Price Prediction: Solana, Bitcoin & Crypto – European Wrap 16 June

FXStreet Team FXStreet

Solana, Sui Price Forecast: Bulls aim for steady recovery ahead of large token unlocks

Solana (SOL) and Sui (SUI) altcoins are edging higher on Monday, building on the weekend gains that followed the sell-off on Friday, which was triggered by geopolitical tensions in the Middle East.

This recovery extends across the broader cryptocurrency market, with leading digital assets such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) upholding respective bullish outlooks.

Bitcoin Price Forecast: BTC recovers above $107,000, yet Israel-Iran conflict clouds bullish outlook

Bitcoin (BTC) is showing signs of recovery during the European trading session on Monday, climbing above $107,000 after a slight correction last week. Despite the signs of mild recovery in price action, the market sentiment remains cautious as the Israel-Iran conflict enters its fourth day after fresh strikes over the weekend. Despite the geopolitical headwinds, institutional interest in Bitcoin remains robust, as Metaplanet added 1,100 BTC to its holdings while spot Bitcoin Exchange Traded Funds (ETFs) recorded a total inflow of $1.37 billion last week.

Crypto Today: Bitcoin, Ethereum, XRP rebound along with surge in open interest, trading volumes

Cryptocurrencies are broadly recovering on Monday, extending gains from the weekend, which followed instability and heightened volatility on Friday as geopolitical tensions exploded in the Middle East. Bitcoin (BTC) hovers above $107,000, up over 4% from its Friday low of $102,664.

Meanwhile, Ethereum (ETH) and Ripple (XRP) have shown signs of a steadying recovery, bolstered by rising risk-on sentiment, particularly from institutional investors.

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Ripple holds $1.82 support as low retail demand weighs on the token

Ripple (XRP) is trading between a key support at $1.82 and resistance at $2.00 at the time of writing on Thursday, reflecting the lethargic sentiment in the broader cryptocurrency market.

Aster declines for fifth straight day despite buyback efforts

Aster trades under intense selling pressure, recording 3% loss at press time on Thursday. The perpetual-focused exchange resumed its Stage 4 buyback program on Wednesday and currently holds almost 52 million ASTER tokens.

Crypto Today: Bitcoin, Ethereum hold steady while XRP slides amid mixed ETF flows

Bitcoin eyes short-term breakout above $87,000, underpinned by a significant increase in ETF inflows. Ethereum defends support around $2,800 as mild ETF outflows suppress its recovery. XRP holds above at $1.82 amid bearish technical signals and persistent inflows into ETFs.

Bitcoin steadies near $87,000 as strong ETF inflows offset bearish pressure

Bitcoin is attempting to stabilize, holding near $87,000 on Thursday after this week’s pullback. Institutional demand shows signs of optimism, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded fresh inflows of over $457 million on Wednesday.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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