Cryptocurrencies Price Prediction: Bitcoin, Cardano & Ethena – European Wrap 11 September

Bitcoin Price Forecast: BTC reclaims $114,000 as US equities hit record highs, ETF inflows top $757 million

Bitcoin (BTC) price reclaims above $114,000 at the time of writing on Thursday after breaking above the key resistance zone the previous day. The bullish momentum is further supported by a surge of $757 million in US Bitcoin ETF inflows — the highest since mid-July — alongside record highs in the S&P 500 and Nasdaq, which boosted overall risk sentiment. Traders now turn their focus to upcoming US inflation data for clues on the potential Federal Reserve’s (Fed) monetary easing pace.

Cardano Price Forecast: ADA targets $1 as whale holdings, open interest surge

Cardano (ADA) struggles to surpass $0.90 at press time on Thursday following a positive week so far. The derivatives market data suggests increasing interest in Cardano as large wallet investors, also known as whales, extend their buying streak.

Ethena Price Forecast: ENA steadies as Arthur Hayes boosts holdings to over 5 million tokens

Ethena (ENA) price holds above $0.780 at the time of writing on Thursday, having rallied more than 6% so far this week. BitMEX co-founder Arthur Hayes expanded his ENA position by 578,956 tokens, bringing his total holdings above 5 million. On-chain flows further suggest growing confidence from large wallets, even as some traders realize profits and absorb short-term selling pressure.