Cryptocurrencies Price Prediction: Bitcoin, Dogecoin & Solana – European Wrap 28 October
|Bitcoin Price Forecast: BTC recovers as BlackRock ETF sees over $1 billion in inflows for two weeks running
Bitcoin (BTC) continues to recover and trades above $68,000 on Monday after declining and finding support around $66,000 on Friday. Despite BTC dipping to $65,260 last week, US spot Bitcoin Exchange Traded Funds (ETFs) recorded net inflows of $997.2 million, with BlackRock IBIT funds contributing by $1.15 billion. However, reports that the US government is investigating the Tether stablecoin and rising tensions between Israel and Iran weigh on BTC’s outlook.
Dogecoin Price Forecast: Further rally likely, fueled by Elon Musk's endorsement
Dogecoin (DOGE) extended its gains on Monday and during the weekend after successfully retesting a key support level on Friday. The bullish price action since broadly mid-October has been bolstered by Elon Musk's promotion of the meme coin, reigniting interest among traders and suggesting a potential rally ahead.
Solana Price Forecast: Extra 10% gains possible as Solana network beats Ethereum in weekly DEX volume
Solana (SOL) recovered from Friday’s intraday decline to near $160 over the weekend and trades at $178.04 at the time of writing on Monday. The native token of the Solana blockchain eyes further gains as on-chain metrics and technical charts support a bullish thesis.
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