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Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 07 October

Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 07 October
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Bitcoin vs Gold: BTC and XAU fall amid macro headwinds, but Ray Dalio still prefers Gold

Bitcoin (BTC) edges lower on Wednesday, trading near $83,000. The broader correction in the cryptocurrency market can be attributed to heavily leveraged long liquidations, macro and geopolitical pressure reducing risk appetite.

Bitcoin one year after its record high: Is the downturn over?

A year after Bitcoin reached its record high, and almost a year since the historic liquidation shock that followed four days later, the world’s largest cryptocurrency is showing increasingly convincing signs of recovery, although declaring the downturn over may still be premature. BTCUSD is consolidating within a $82,500-$87,000 range, roughly 32% below its October 6, 2025 peak above $126,000 but almost 50% above its summer trough near $59,000.

Ripple Forecast: XRP tumbles as sell-side pressure intensifies

Ripple (XRP) edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin (BTC) falling below $84,000 and Ethereum (ETH) below $2,800. The remittance token has seen three straight days of declines, weighed down by a deteriorating technical structure.

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Ripple tumbles as sell-side pressure intensifies

Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.