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

FXStreet Team FXStreet

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.

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.

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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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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