Cryptocurrencies Price Prediction: HYPE, Bitcoin & Crypto – European Wrap 28 August

Hyperliquid Price Forecast: HYPE rally stretches thin amid treasury growth, CFTC innovation push

Hyperliquid (HYPE) is down 2% on Friday after reaching a record high of 86.75 the previous day. Nasdaq-listed Hyperliquid Strategies Inc (PURR) raised almost $650 million in an equity deal to increase its HYPE holding to 29.3 million tokens. Hyperliquid is also pushing to expand its perpetual futures markets in the US. 

<a href="https://xpertsstudio.com/bitcoin-plunges-to-78000-after-jackson-hole-but-bulls-stay-upbeat/” title=”Bitcoin Plunges to $78,000 After Jackson Hole but Bulls Stay Upbeat”>Bitcoin Weekly Forecast: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows. Meanwhile, traders should be cautious as BTC remains below its 365-day moving average near $83,000, a level which could determine the Crypto King’s market regime.

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin (BTC) is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. A daily close below $80,000 could raise the probability of an extended correction in search of liquidity.

Meanwhile, Ethereum (ETH) and Ripple (XRP) mirror Bitcoin’s cooling trend, with ETH sliding to $2,500 and XRP falling toward $1.40 support.

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

Source: www.fxstreet.com