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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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