Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Crypto – European Wrap 22 August
|Bitcoin price rises, approaching key resistance barrier at $62,000
Bitcoin (BTC) trades above $61,000 on Thursday, holding up on gains driven by the release of the Fed Minutes on Wednesday, which hinted at an interest-rate cut in September. US spot Bitcoin ETFs saw a modest inflow on Wednesday, while on-chain data doesn’t seem to support further price gains as Bitcoin OTC desk balances for miners surge and the long-to-short ratio stays below one.
Top 3 meme coins Dogecoin, Shiba Inu, Pepe steady with over 30% holders underwater
The largest meme coins by market capitalization – Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) – swing on Thursday between mild gains and losses, tracking the broader trend in the main crypto assets. More broadly, DOGE and SHIB gained between 3% and 4% in the last seven days, while PEPE erased 1.37% of its value in the same time frame.
Crypto tug of war
The crypto market gained 1.7% in the last 24 hours to reach $2.14 trillion, continuing to test August's resistance. Bitcoin rose 2.6%, while Ethereum gained 1.2%. The battle for a 10th position in the CoinMarketCap has intensified: Tron's 5.5% drop to a cap of $13.09 billion contrasted with Cardano's 2.5% rise to $13.17 billion. Its closest rival, Dogecoin, added 1.3% to reach a total coin value of $15.36 billion, with 17% distance from Cardano.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.