Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 03 June

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Crypto market bleeds $1.80 billion amid concerns of Bitcoin losing $65,000

The cryptocurrency market is under extreme bearish pressure, with Bitcoin (BTC) price inching closer to $65,000 and total liquidations over the last 24 hours surpassing $1.80 billion. Declining institutional confidence in Bitcoin, with outflows of roughly $4 billion since May 15, appears as the primary catalyst fueling the ongoing correction.

Bitcoin’s 6% drop on Tuesday triggered a massive market-wide wipeout of bullish positions. CoinGlass data show that liquidation over the last 24 hours totals $1.84 billion from 277,754 traders, including $1.66 billion in forced liquidations of long positions, reaffirming the sell-side bias. This marks the third-largest liquidation spree so far this year. Read more...

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC eyes $65,000, ETH risks $1,800, XRP holds at $1.20

Ripple is trading above $1.2200 at press time on Wednesday, but remains broadly bearish after the 6% drop the previous day. Similar to Bitcoin and Ethereum, XRP trades well below the 50-, 100-, and 200-day EMAs at roughly $1.3695, $1.4447, and $1.6431, respectively.

Bitcoin falls below $67K as capital rotates to US equities, institutional demand weakens

The crypto market has come under renewed pressure, with Binance Research citing capital rotation into US equities as a key driver of the heightened risk-off sentiment in Bitcoin. In an X post on Tuesday, Binance Research said the CBOE Dispersion Index has surged to 42, one of the highest levels on record. The spike signals that investor flows are increasingly concentrated in a small group of S&P 500 stocks.

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Solana Price Forecast: ETF inflows, bullish derivatives signal more upside

Solana steadies at $78 on Wednesday, up over 2% so far this week. Institutional demand shows positive signs with SOL spot Exchange Traded Funds recording a second consecutive day of inflow this week. In addition, strengthening derivatives metrics support further gains ahead.

Crypto Market Overview: Bitcoin holds firm as ONDO and GRAM lead rally

The broader cryptocurrency market is witnessing an easing of bearish momentum, with Bitcoin holding above $66,000. Altcoins including Ondo and Gram, formerly known as Toncoin, are leading gains over the last 24 hours, driven by new features. Bitcoin holds above $66,000 on Wednesday, following a 2% surge the previous day.

Top 3 Price Prediction: BTC extends gains, ETH and XRP target breakout moves

Bitcoin, Ethereum and Ripple remain on the front foot as the broader crypto market extends its gains so far this week. BTC leads gains after closing above key resistance while ETH and XRP near key technical hurdles where a breakout could pave the way for additional gains.

White House backs ethics deal as CLARITY Act faces August deadline

The White House has agreed to a comprehensive ethics provision for the Digital Asset Market Clarity Act, potentially clearing a major obstacle to the crypto regulation bill as lawmakers aim to advance it before the August recess. The agreement follows weeks of negotiations over rules aimed at preventing government officials from having conflicts of interest in the crypto industry.

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.