Cryptocurrencies Price Prediction: Bitcoin, Binance Coin and Ethereum – European Wrap 26 August

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) traded higher on Monday after rebounding from key support levels the previous week. The top three cryptocurrencies suggest further recovery, as momentum indicators signal a fading bearish trend. 

Virtuals Protocol (VIRTUAL), Aerodrome Finance (AERO), and Pump.fun (PUMP) champion the strong cryptocurrency market recovery at press time on Monday as the US Government shutdown nears resolution. A Bloomberg report indicates that a group of certain Senate Democrats could support a deal to reopen funding for some departments.

Ripple (XRP) edges lower, trading below $2.18 at the time of writing on Friday. The sell-off has affected most major cryptocurrencies, including Bitcoin (BTC), which hovers above $100,000 and Ethereum (ETH), trading below $3,250.

Hyperliquid (HYPE) is battling to hold short-term support at $37.00 at the time of writing on Friday, as a bearish wave sweeps across the cryptocurrency market. The perpetual decentralized exchange (DEX) token has declined from an intraday high of $40.75, reflecting a sticky bearish sentiment.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin (BTC) price continues to trade in red, below $101,000 at the time of writing on Friday, having dropped more than 8% so far this week. The decline comes amid mounting selling pressure from long-term holders, who continue to offload their positions.