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Cryptocurrencies Price Prediction: Cardano, Bitcoin & Crypto – European Wrap 2 June

Cryptocurrencies Price Prediction: Cardano, Bitcoin & Crypto – European Wrap 2 June
FXStreet TeamFXStreet TeamFXStreet

Cardano Price Forecast: ADA risks decline to a five-year low amid market-wide pullback

Cardano (ADA) price is down 3% at press time on Tuesday, extending a steady decline seen over the last three weeks. Cardano’s declining trend mirrors the broader market pullback and continues to lose retail strength in the derivatives market. Technically, the ADA price is under intense selling pressure and risks forming the next leg below $0.2200. 

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Bitcoin price falls under $70K as crypto markets liquidate $800M

Bitcoin (BTC) traded below $70,000 for the first time in two months on Tuesday as sellers stayed in control.

Data from TradingView showed new BTC price lows of $69,631 on Bitstamp.

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Crypto Today: Bitcoin, Ethereum, XRP extend sell-off as US-Iran ongoing talks fail to lift risk appetite

Cryptocurrencies remain broadly pressured on Monday, with Bitcoin (BTC) hovering around $70,000, Ethereum (ETH) below $2,000, and Ripple (XRP) near $0.25. Appetite for risk assets has remained significantly subdued amid the tensions in the Middle East despite optimism for an imminent peace deal between the United States (US) and Iran.

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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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Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top altcoins, Ripple, Cardano, and Solana, hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period. The brief pause suggests that the markets have priced in October’s hot CPI of 0.4%, beating the 0.3% market expectation.

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Bitcoin corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum and Ripple. The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network price is holding steady around $0.0700 at press time on Thursday, consolidating around the round figure after Tuesday’s 8% rebound. The rebound coincided with a massive outflow of more than 590 million PI tokens from the OKX exchange wallet, suggesting reduced downside pressure.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.