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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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FXStreet Team

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.

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XRP Price Prediction: XRP tests major support at $1.00

XRP Price Prediction: XRP tests major support at $1.00

Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.
Top AI Coins Forecast: Chainlink, Near Protocol and Bittensor broadly stabilize after sell-off

Top AI Coins Forecast: Chainlink, Near Protocol and Bittensor broadly stabilize after sell-off

The cryptocurrency market is stabilizing on Friday as prospects for de-escalation in Middle East geopolitical tensions improve. Artificial Intelligence (AI)-focused tokens such as Chainlink (LINK), Near Protocol (NEAR), and Bittensor (TAO) continue to face selling pressure, yet are defending key technical support levels.
Bitcoin’s volatility has nearly disappeared – The risk hasn’t

Bitcoin’s volatility has nearly disappeared – The risk hasn’t

Spot Bitcoin ETFs are yet to see outflows this month, bringing in $754 million in the first week of August. Yet, Bitcoin remains steady at $64,700, while options flow favors protection at $62,000 and $63,000. The opposing signals point to a market with a spot bid but limited conviction.
Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions

Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions

Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout. Meanwhile, Ripple (XRP) maintains a dominant bearish outlook, edging lower toward the crucial $1.00 support.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.