Cryptocurrencies Price Prediction: PI, Bitcoin & Ripple – European Wrap 12 August
Pi Network (PI) is holding steady around $0. 0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The. . .
Pi Network (PI) is holding steady around $0. 0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0. 08397. Bitcoin (BTC) transaction fees now account for just 0. 69% of miner revenue as major players pivot to AI. Data from onchain analytics platform Glassnode shows that fees as a proportion of miner revenue remain near decade lows after falling to just 0. 52% in April. Miners face ongoing pressure as declining Bitcoin prices and rising electricity costs squeeze profits and force smaller players out of the market. Glassnode co-founder Rafael Schultze-Kraft noted that fees had made up less than 1% of miner revenue for almost a year. Ripple (XRP) is trading within a broadly constrained technical structure, with support at $1. 00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6. 5%, extending its total pullback to around 14% from July’s $1. 18 peak. A drop below the key short-term support would further undermine recovery prospects. Source:https://www. fxstreet. com/cryptocurrencies/news/cryptocurrencies-price-prediction-pi-bitcoin-ripple-european-wrap-12-august-202608121238Post navigation