Cryptocurrencies Price Prediction: Bitcoin, Solana & Tron – European Wrap 4 October
|Bitcoin Weekly Forecast: Is BTC sell-off over?
Bitcoin (BTC) price declined over 6% this week until Friday as the escalation of the conflict between Iran and Israel added fuel to this sell-off. The decline was also supported by falling institutional demand for ETFs, which recorded outflows of more than $280 million this week. Some analysts suggest that the rising geopolitical conflicts could further escalate, pushing Bitcoin prices even lower potentially to $55,000. However, from a technical point of view, bulls seem to be holding strong at a critical support level.
Three reasons why Solana could see a double-digit decline
Solana (SOL) price appears to have found some support on Friday, recovering slightly from the sharp sell-off registered earlier this week. However, on-chain metrics and technical indicators show increasing chances of a further decline in prices, suggesting that the rebound could be short-lived.
Tron network revenue exceeds Bitcoin, Ethereum and Solana in Q3
The Tron network (TRX) generated the highest revenue in the third quarter since its inception, outperforming leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
TronScan data shows that Tron generated a total revenue of $577.25 million in the third quarter, the highest since the protocol’s inception. This represents a 43% increase compared to Q2.
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