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Cryptocurrencies Price Prediction: Bitcoin, Aave and Cardano – European Wrap 30 January

Cryptocurrencies Price Prediction: Bitcoin, Aave and Cardano – European Wrap 30 January
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC bulls run for hills as Spanish inflation jumps

Bitcoin (BTC) price tanks in European trading as this volatile week kicks off with surpriseSpanish inflation data. Markets predicted a drop from 5.7% to 4.97%. Instead, inflation jumped to 5.8%. This confirms what central bankers have been shouting throughout the past few weeks and what markets have been ignoring. Is reality catching up this week?

BTC/USD daily chart

Here’s what to expect from AAVE V3 launch on the Ethereum mainnet

Aave, an Ethereum-based protocol that offers automated crypto loans to users, recently launched its V3 version on the mainnet. Aave V3 is now live on Ethereum, offering the community an improved version of capital efficiency and liquidity while reducing gas costs. 

 
AAVE V3 TVL from DeFiLlama

Here’s why Ethereum-killer Cardano whales are shedding their ADA holdings

Cardano, an Ethereum-competitor and a proof-of-stake blockchain network has witnessed a decline in ADA holdings of large wallet investors. Whales holding between 1000,000 and 100,000,000 ADA tokens have shed their Cardano holdings, probably as a result of profit-taking following the January recovery. 

Cardano large wallet investor holdings

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