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Cryptocurrencies Price Prediction: Bitcoin, Crypto & Ethena – European Wrap 3 June

Cryptocurrencies Price Prediction: Bitcoin, Crypto & Ethena – European Wrap 3 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin steadies at 105k amid a fragile market mood and BTC ETF outflows, where next?

After falling back from the record high of 111.9k reached on May 24 to a low of 103.9k, Bitcoin is consolidating around 105k. Meanwhile, Ethereum has risen above 2600, and XRP is testing 2.20 resistance. 

The cryptocurrency market capitalisation has risen 0.69% to $3.31 trillion over the past 24 hours. The crypto Fear and Greed Index is 58, in neutral territory, down from 68, Greed last week. This drop in sentiment suggests that investors could be hesitant and points to a consolidation phase. 

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Crypto Today: Bitcoin's downside risks escalate as BTC spot ETF outflows extend

The cryptocurrency market is consolidating losses after starting the week amid high volatility. Bitcoin (BTC) attempted to steady the uptrend above $106,000 but lost steam, resulting in a reversal to $105,204 at the time of writing on Tuesday. 

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Coinbase asset roadmap adds Ethena, ENA targets $0.34 breakout before listing 

Ethena (ENA) inches higher by over 5% at press time on Tuesday after the announcement of Coinbase adding Ethena to the asset roadmap for future listing. With bullish sentiment on the rise amid increased listing chances on Coinbase, ENA’s technical outlook and lifted derivatives data flash a breakout rally possibility. 

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FXStreet Team

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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Ripple tumbles as sell-side pressure intensifies

Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.