Cryptocurrencies Price Prediction: Bitcoin, PYTH & Crypto – European Wrap 16 July

Bitcoin Price Forecast: BTC pauses recovery as geopolitical tensions outweigh cooling inflation

Bitcoin (BTC) slips below $64,000 at the time of writing on Thursday after failing to close above the 50-day Exponential Moving Average (EMA) near $65,120 the previous day. Institutional demand shows mild improvement, with spot Exchange Traded Funds (ETFs) recording a second consecutive day of inflows this week. However, rising US-Iran tensions have renewed inflation concerns, offsetting the positive impact of softer-than-expected US inflation data on the Crypto King.

Pyth Network Price Forecast: PYTH gains momentum amid extended Coinbase support

Pyth Network (PYTH) recovers nearly 5% on Thursday, approaching the $0.05000 psychological mark. The Wednesday release of SK Hynix and Lumentum perpetual futures on Coinbase, powered by Pyth Network, lifts retail demand. Double-digit gains in LYTH futures Open Interest, amid rising activity and funding rates, reflect a bullish speculative bias.

Ether outruns Bitcoin as ETF money returns, almost all of from BlackRock's fund

Ether is the only large-cap crypto asset doing much of anything this week, and the softer U.S. inflation print that lifted the market on Tuesday does not explain it.

Ether traded near $1,920 on Thursday, up 2.2% on the day and roughly 11% over seven sessions, carrying a market value of about $231 billion on roughly $12 billion of daily volume. Bitcoin sat at $64,600, down 0.3% on the day and up 4.2% on the week. Below them the tape turns negative.