Cryptocurrencies Price Prediction: Solana, Bitcoin & Pyth Network — Asian Wrap 29 August

FXStreet Team FXStreet

Solana surges on record derivatives interest, $400M treasury, and USDC boost

Solana (SOL) upholds the recovery run above the $200 psychological level on Friday as record-high open interest sparks bullish sentiment. Even the institutional interest in high-performance blockchain continues to increase, underpinned by Sharp's $400 million Solana treasury and the $750 million USDC minted by Circle.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP steadies after recent sell-off

Bitcoin price found rejection from a previously broken trendline on Saturday and declined by more than 5% until Monday, closing below its 100-day Exponential Moving Average (EMA) at $110,883. However, BTC recovered slightly on Tuesday and found support around this level for the next two days. At the time of writing on Friday, it trades around $111,400. If the 100-day EMA at $110,883 continues to hold as support, BTC could extend the recovery toward its next daily resistance at $116,000.

Crypto Gainers: Pyth Network rallies with live US GDP data on-chain, Pump.fun, and POL follow

Pyth Network, the on-chain price layer, grabs the broader cryptocurrency market’s attention as the US GDP data goes live on-chain. Howard Lutnick, the US Secretary of Commerce, announced the shift to blockchain for transparency, showcasing strong economic confidence with a 3.3% rise in US GDP.

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FXStreet Team

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Ethereum Foundation says AI agents are finding real protocol bugs, human verification remains critical

The Ethereum Foundation stated Thursday that artificial intelligence is becoming an increasingly effective tool for identifying vulnerabilities in Ethereum's protocol software.

Top 3 Price Prediction: BTC gears up for a breakout, ETH tests key EMA, XRP holds support

Bitcoin, Ethereum and Ripple extend recovery on Friday as risk sentiment improves modestly. Market anxiety eased after US President Donald Trump said on Thursday that Iran had contacted the US to discuss a potential deal, fueling hopes of easing geopolitical tensions.

Crypto Market Overview: Bitcoin recovers on easing US-Iran tensions – DeXe, Arbitrum rally

Bitcoin price rises above $63,000 on Friday, extending its recovery as tensions between the US and Iran ease following missile strikes earlier this week. DeXe and Arbitrum are leading gains over the last 24 hours as the broader market risk-off sentiment eases.

Zcash Price Forecast: Retail demand lifts ZEC price on new Ironwood shielded pool announcement

Zcash (ZEC) price shows mild recovery during early Asian hours on Friday, rising toward the $500 mark. Retail demand supports ZEC's recovery, with an 18% rise in its futures Open Interest, likely linked to the announcement of the Ironwood shielded pool. Technically, ZEC should clear a key Fibonacci resistance level near $520 to test its all-time high of $690.

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.