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

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

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.

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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.

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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. 

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