Cryptocurrencies Price Prediction: Bitcoin, Cardano & Crypto – European Wrap 2 July
Bitcoin Price Forecast: BTC extends recovery amid positive progress in US-Iran peace talks
Bitcoin (BTC) is extending its recovery, trading above $61,000 at the time of writing on Thursday after slipping to a 21-month low the previous day. Reports of positive progress in indirect US-Iran talks in Doha lift investor confidence, supporting BTC’s rebound. However, persistent institutional selling continues to weigh on the market, with US spot Bitcoin Exchange-Traded Funds (ETFs) logging another day of outflows.
Cardano Price Forecast: ADA extends recovery amid subtle bullish retail signs
Cardano (ADA) price extends mild recovery on Thursday after a 6% rebound the previous day, an early signal of a potential bullish trend reversal. Retail demand rises as ADA takes a soft bullish turn after a roughly 40% drop last month, with increases in Open Interest, funding rate, and trading volume. The technical outlook supports a mild recovery in Cardano, with trend momentum rising.
Crypto Today: Bitcoin, Ethereum, XRP steady rebound as US and Iran conclude positive talks in Doha
The cryptocurrency market broadly rises on Thursday, reflecting improvement in risk sentiment following an extended period of selling pressure. Bitcoin (BTC) is back above $60,000 after testing support at $58,000 earlier in the week. Ethereum (ETH) aligns with BTC’s positive short-term outlook, rising above $1,600. Similarly, Ripple (XRP) has steadied its rebound, trading above $1.06 amid strengthening momentum indicators.
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