Cryptocurrencies Price Prediction: Bitcoin, Ethena & Crypto – European Wrap 28 July
|Bitcoin Price Forecast: BTC consolidates amid US-China trade truce extension expectations, US-EU trade deal
Bitcoin (BTC) has been trading in a range-bound market structure between $116,000 and $120,000 for nearly two weeks, signaling indecision among traders. Despite major macroeconomic developments, the US and China are likely to agree to extend the trade truce and a fresh trade agreement between the US and the European Union, failed to spark immediate momentum for the largest cryptocurrency by market capitalization. The Federal Reserve’s (Fed) upcoming interest rate decision this week is looming, and markets are bracing for potential volatility that could break BTC out of its current range.
Ethena Price Forecast: ENA eyes further gains as the bullish rally hits near six-month high
Ethena (ENA) edges higher by over 1% at press time on Monday, as it consolidates after hitting a nearly six-month high with its fifth consecutive green candle. The Open Interest (OI) and Total Value Locked (TVL) on Ethena, with its rising stablecoin market capitalization, is driven by the recent Anchorage Digital deal to offer a product fully compliant with the US GENIUS Act. The technical outlook hints at extended gains as bulls could target the $1 psychological level.
Fed decision, $175M token unlocks, and starknet upgrade set to rock crypto markets this week
Three pivotal events converge this week as the Federal Reserve's Wednesday policy decision, major token unlocks worth over $175 million, and Starknet's game-changing V0.14.0 upgrade threaten to unleash significant volatility across cryptocurrency markets.
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