Cryptocurrencies Price Prediction: XRP, Bitcoin & Binance – European Wrap 15 August

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XRP falls under key support as Ripple holders take profits

Ripple (XRP) price falls for a second consecutive session, struggling under a key support level, as increased selling pressure from profit-taking outweighs positive developments for the business of the payment-remittance firm.

Bitcoin price struggles around $59,000 as large US government transfer weigh

Bitcoin (BTC) price trades in the red for a second consecutive day on Thursday, down by 1.16% at $58,105. Sentiment around the main crypto asset seems to have deteriorated after Arkham Intelligence data showed that a wallet associated with the US government transferred 10,000 BTC, worth $593.5 million, to Coinbase Prime. Additionally, Bitcoin Spot ETFs recorded a mild outflow of $81.40 million, snapping a streak of two days of minor inflows.

Binance goes live in India as a registered entity, nearly 100 million traders could break into crypto

Binance, one of the largest cryptocurrency exchanges, received regulatory approval to reopen its services and serve nearly 100 million crypto traders in India. The firm has faced several challenges with regulators worldwide, including in India, where the platform had been banned for noncompliance reasons during seven months.

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FXStreet Team

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CLARITY Act approval odds sink fast ahead of Congressional hearing

The US House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Crypto Today: Bitcoin, Ethereum, XRP give back gains as tit-for-tat US-Iran strikes persist

Bitcoin has corrected by more than 1% on the day, trading below $63,000. This is part of a larger retracement from its weekly high of $65,600. Ethereum and Ripple similarly reflect overall pressure, with ETH falling toward the short-term $1,800 support and XRP hovering below the pivotal $1.10 level.

Dogecoin nears yearly low as bearish bias grows

Dogecoin extends its decline on Friday, trading near its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network (PI) shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.