Cryptocurrencies Price Prediction: Bitcoin, Lido DAO & Maker — Asian Wrap 02 August

FXStreet Team FXStreet

Bitcoin price spikes as MicroStrategy’s Saylor may increase BTC holdings after $750 million stock sale

Bitcoin (BTC) price has made a commendable move in the lower timeframe, rising despite the overall lack of volatility. With a little push from software developer firm MicroStrategy, the flagship crypto has reclaimed levels last seen around July 24.

Investors drop 50 million LDO in three weeks as faith tumbles due to lack of Lido DAO price recovery

Lido DAO price has been on a downtrend since mid-July and is potentially going to continue down that path. While the broader market bearishness is one of the reasons behind this bearishness, the decline in support from core investors is another major one.

MKR holders become 115% richer in six weeks as Maker price rally continues

Maker price has been on the rise consistently for the past few weeks, and the same is being reflected in the investors’ holdings. The price rise, in turn, is being supported by investors who are bullish and accumulating large amounts of cryptocurrency. This makes the altcoin relatively safer from a sudden decline.

Author

FXStreet Team

FXStreet

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.

CLARITY Act approval odds sink fast ahead of Congressional hearing

The US House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Crypto Today: Bitcoin, Ethereum, XRP give back gains as tit-for-tat US-Iran strikes persist

Bitcoin has corrected by more than 1% on the day, trading below $63,000. This is part of a larger retracement from its weekly high of $65,600. Ethereum and Ripple similarly reflect overall pressure, with ETH falling toward the short-term $1,800 support and XRP hovering below the pivotal $1.10 level.

Dogecoin nears yearly low as bearish bias grows

Dogecoin extends its decline on Friday, trading near its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Pi Network Price Forecast: Mild recovery in PI marks early signs of trend reversal

Pi Network (PI) shows a mild recovery on Friday, following three consecutive days of consolidation, as selling pressure eases after a steep decline earlier this month. Speculative demand for a potential rebound in PI is on the rise as its Open Interest remains elevated.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.