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Cryptocurrencies Price Prediction: Bitcoin, Aave & Crypto – European Wrap 4 August

Cryptocurrencies Price Prediction: Bitcoin, Aave & Crypto – European Wrap 4 August
FXStreet TeamFXStreet TeamFXStreet

US Yen intervention puts Bitcoin, risk assets on notice for liquidity flux

Washington’s growing coordination with the Bank of Japan (BoJ) points to a potential boost in global dollar liquidity — even as it runs up against a yen carry trade unwind that could squeeze liquidity if it deepens further.

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Aave Price Forecast: Bearish RSI divergence risks a 20% drop despite steady DeFi deposits

Aave (AAVE) extends a mild near-term recovery on Tuesday, holding above its 50-day Exponential Moving Average (EMA) at $90.80. Aave protocol’s V3 deployment on Monad blockchain recorded over $500 million in deposits over the last month, reflecting increased user adoption. Still, retail demand remains weak, with futures Open Interest declining by 6% over the last 24 hours and the funding rate sinking below zero. 

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Crypto Today: Bitcoin, Ethereum, XRP shows recovery signs as Ethereum and XRP struggle

Bitcoin (BTC) advances above $63,000 on Tuesday, buoyed by increasing investor risk appetite. Ethereum (ETH) continues to trade under pressure below the supply range at $1,900 and above the short-term $1,800 support. At the same time, Ripple’s (XRP) upside is constrained under the pivotal $1.10 level while support at $1.00 remains intact.

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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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Aave Price Forecast: Bearish RSI divergence risks a 20% drop despite steady DeFi deposits

Aave Price Forecast: Bearish RSI divergence risks a 20% drop despite steady DeFi deposits

Aave (AAVE) extends a mild near-term recovery, holding above its 50-day Exponential Moving Average at $90.80. Aave protocol’s V3 deployment on Monad blockchain recorded over $500 million in deposits over the last month, reflecting increased user adoption.

Dogecoin Price Forecast: Bullish divergence hints at DOGE recovery

Dogecoin Price Forecast: Bullish divergence hints at DOGE recovery

Dogecoin (DOGE) steadies near $0.070 after falling 3.5% last week. While the broader trend remains bearish, improving derivatives metrics and bullish divergences in momentum indicators suggest that selling pressure may be easing, hinting at a potential recovery. Derivatives data shows bullish sentiment among Dogecoin traders.

Top Altcoins Price Forecast: Ripple nears triangle breakout while Cardano, Hyperliquid rebound

Top Altcoins Price Forecast: Ripple nears triangle breakout while Cardano, Hyperliquid rebound

Ripple trades above $1.00, approaching the apex of a symmetrical triangle pattern. Cardano and Hyperliquid hold steady, sustaining gains from the recent rebound. The technical outlook for XRP is mixed while ADA and HYPE maintain a bullish bias. XRP maintains a mixed tone on the daily chart, trapped between two converging trendlines forming a symmetrical triangle pattern.

Ripple and Stellar outlook: XRP and XLM steady as derivatives data points to easing downside pressure

Ripple and Stellar outlook: XRP and XLM steady as derivatives data points to easing downside pressure

Ripple (XRP) and Stellar (XLM) show mixed price action on Tuesday, with XRP holding above the key $1 support zone while XLM faces rejection at $0.173. Meanwhile, improving derivatives metrics alongside fading bearish momentum suggest that the downside pressure may be easing for both altcoins. Derivatives data shows mild bullish sentiment among traders.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.