Cryptocurrencies price prediction: Bitcoin, Hyperliquid & Cryptos – American Wrap 04 June
Crypto Today: Bitcoin, Ethereum, XRP extend decline, pressured by increasing ETF outflows
Cryptocurrencies are trading under pressure on Thursday, weighed down by risk-off sentiment driven by Middle East tensions and macroeconomic uncertainty. Bitcoin (BTC) has extended its decline below $65,000 and is targeting the key support area at $60,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), are also pressured around $1,750 and $1.15, respectively.
Bitcoin’s massive storm is back: Why the sell-off is far from over
Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts. And everything suggests that the dramatic crash isn’t over.
Hyperliquid and Near Protocol fall sharply as Arthur Hayes dumps HYPE and NEAR for Worldcoin
Hyperliquid (HYPE) and Near Protocol (NEAR) prices have dropped 11% and 17%, respectively, at press time on Thursday, erasing gains as the well-known investor Arthur Hayes dumps HYPE and NEAR holdings. Hayes takes a sudden exit, citing a potential market top, in the same week after a $100,000 bet that HYPE would outperform the top crypto assets. The reactionary price move crushes retail demand, but fundamentals remain unchanged, which could stabilize the recovery in the long term.
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