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Cryptocurrencies Price Prediction: MAGA, Bitcoin & Crypto – European Wrap 9 August

Cryptocurrencies Price Prediction: MAGA, Bitcoin & Crypto – European Wrap 9 August
FXStreet TeamFXStreet TeamFXStreet

MAGA price poised for decline following negative on-chain data

MAGA (TRUMP) price continues to decline, trading down by 2.5% at $3.08 on Friday after a 20% drop since Monday. The Network Realized Profit/Loss metric shows rising selling pressure and a positive spike in the TRUMP's Exchange Flow Balance signals a bearish trend, indicating further declines in the upcoming days.

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Bitcoin Weekly Forecast: Can BTC bounce back from recent market crash?

Bitcoin (BTC) trades above $60,000 on Friday after a 7.2% decline and a dip below the $50,000 level earlier in the week, following a test of its daily support level at around $49,900 on Monday. Arkham Intelligence data reveals that major investors such as BlackRock, MicroStrategy, Grayscale, and Fidelity retained their Bitcoin holdings during the sell-off. Additionally, on-chain data indicates that permanent holder addresses continue accumulating BTC despite recent market fluctuations.

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The Boy’s Club, Base meme coins rally after crypto crash as Donald Trump Jr. announces new project

Bitcoin and Ethereum struggle under key resistance on Friday. Meanwhile, meme coins on Layer 2 chain Base and The Boy’s Club coins, like Pepe and PepeCoin, observe gains. Base-based meme coins and The Boy’s Club coins stand out from others in crypto as the sector yields nearly 25% gains in the last 24 hours. 

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