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Cryptocurrencies Price Prediction: Cardano, Axie Infinity & Bitcoin — Asian Wrap 02 June

Cryptocurrencies Price Prediction: Cardano, Axie Infinity & Bitcoin — Asian Wrap 02 June
FXStreet TeamFXStreet TeamFXStreet

Cardano price frustrates investors as bears step in with confidence

Cardano price may have seen all of the anticipated uptrend move post-May 12 sell-off. A dip below $0.20 is on the cards. Cardano price continues the dramatic narrative as the digital asset has rallied an impressive 40% rally over the weekend. 

Investors are on edge as AXIE Infinity price may have gone too far

AXS price hints the overall downtrend may not be over. If the technicals are correct, a target of $15 could occur. Axie Infinity price is showing early bearish signals to start this week’s trading session. AXS price, like several cryptocurrencies, saw a 50% rally since the weekend. 

BTC/USD exits tight range but risks remain

BTC/USD (Bitcoin) returned to a consolidation mode near $31,500 after Monday’s dynamic bullish breakout pushed the price out of the two-week-old tight range and above the 20-day simple moving average (SMA).

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FXStreet Team

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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XRP consolidates above key support as exchange reserves rise

XRP consolidates above key support as exchange reserves rise

Ripple (XRP) trades elevated above $1.52 on Tuesday despite experiencing a minor correction from the previous day’s high of $1.57. XRP framed the uptrend last week, rising alongside the broader bullish cryptocurrency market.

Crypto Today: Bitcoin, Ethereum, XRP rally slows amid rising ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP rally slows amid rising ETF inflows

The cryptocurrency market remains elevated on Tuesday, with Bitcoin trading around $85,798, nearly 49% above the year low of $57,756. Ethereum and Ripple trade within a robust bullish outlook above $2,700 and $1.51, respectively.

Pi Network pulls back despite Protocol v27 completing final testnet step

Pi Network pulls back despite Protocol v27 completing final testnet step

Pi Network is trading in the red on Tuesday, retreating from the day’s high of $0.0947 and risking a steeper correction. The upcoming protocol v27 completes its final step on the testnet, after which the smart contract feature will roll out to the mainnet.

Bitcoin pauses rally as profit-taking reaches yearly high

Bitcoin pauses rally as profit-taking reaches yearly high

Bitcoin pulls back, trading below $85,500 on Tuesday after surging 6.7% and reaching $87,395 the previous day. US-listed spot Bitcoin ETFs recorded nearly $1 billion in inflows on Monday, while Strategy added 950 BTC to its treasury holdings.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.