Cryptocurrencies Price Prediction: Bitcoin, Cardano & Crypto – European Wrap 2 July

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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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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.