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Cryptocurrencies Price Prediction: Bitcoin, Flare & Crypto – European Wrap 23 July

Cryptocurrencies Price Prediction: Bitcoin, Flare & Crypto – European Wrap 23 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC rejected from $120,000 as momentum cools, mild ETF outflows continue

Bitcoin (BTC) trades slightly down to near $118,000 when writing on Wednesday after testing the upper boundary of a consolidation range near $120,000 earlier in the day. The decline comes amid a second consecutive day of outflows this week from US-listed spot Bitcoin Exchange Traded Funds (ETFs), signaling cautious sentiment among institutional investors. The technical outlook also suggests a short-term correction, as momentum indicators show signs of exhaustion.

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Flare Price Forecast: FLX surges 10% as network expands XRP DeFi use cases 

Flare (FLR) price is surging higher, trading at $0.0261 on Wednesday, supported by a robust Decentralized Finance (DeFi) ecosystem. Interest in the token exploded after the network announced the final launch of a suite of tools, making the non-smart contracts token XRP, issued by Ripple, DeFi-ready.

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Crypto Today: Bitcoin, Ethereum, XRP show weakness, but rising Open Interest depicts bullish speculation

Cryptocurrencies are showing signs of weakness overall, with leading assets, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), edging lower at the time of writing on Wednesday. A 3.5% decline in the total market capitalization to $3.9 trillion over the past 24 hours underscores the overhead pressure possibly due to profit-taking.

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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 holds EMA support as ETF inflows persist

Ripple holds EMA support as ETF inflows persist

XRP ticks up as bulls defend the 200-day EMA support at $1.35. US-listed XRP ETFs record nine consecutive days of inflows, reinforcing steady institutional interest. XRP upholds a constructive bullish bias but risks extending the correction if momentum indicators deteriorate.

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Bitcoin remains resilient above $78,000 as investors anticipate a renewed push toward $80,000. Ethereum continues to demonstrate a constructive technical setup, holding above $2,400. Ripple is exhibiting early signs of recovery near $1.37.

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin trades near $78,000 on Monday, consolidating after its recent rally as strong institutional demand continues to provide support. However, escalating Middle East tensions, rising oil prices and growing inflation concerns dampened risk appetite, which could cap the Crypto King’s upside.

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network is trading around $0.0900 on Monday, continuing its consolidation above the $0.0836 support floor. The PI Testnet has seen around 30 new tokens released under the names of leading corporations, suggesting a potential test of the DEX environment.

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.