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Cryptocurrencies Price Prediction: Cardano, Bitcoin & Ethereum – Asian Wrap 07 August

Cryptocurrencies Price Prediction: Cardano, Bitcoin & Ethereum – Asian Wrap 07 August
FXStreet TeamFXStreet TeamFXStreet

Crypto Overview: US Senate delays Clarity Act vote – Cardano and LayerZero sustain gains

Bitcoin maintains a bearish near-term bias as its price holds below the 50-day EMA at $64,637 and remains well below the 100-day EMA at $66,977 and the 200-day EMA at $72,419. The Moving Average Convergence Divergence (MACD) is marginally below its signal line, hinting at waning downside momentum, while the Relative Strength Index (RSI) near 51 suggests a broadly neutral tone rather than a decisive directional push.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH trades sideways, XRP gravitates toward $1

Bitcoin price trades at $64,318 on Friday, maintaining a mildly bearish near-term bias as price holds beneath the 50-day Exponential Moving Average (EMA) at $64,637, as well as the 100-day EMA at $67,021 and the 200-day EMA at $73,149. The Relative Strength Index (RSI) at 51 sits near neutral, while the Moving Average Convergence Divergence (MACD) hovers just below the zero line with a slightly negative reading, hinting at subdued bullish momentum and a market that remains capped by overhead trend filters.

Ethereum Price Forecast: Whales absorb retail distribution as bear market nears late stage​

Ethereum (ETH) large holders have been accumulating the supply of retail investors in 2026. In a report released late Wednesday, CryptoQuant analysts highlighted that the supply of the 1K-10K ETH cohort has fallen from 15.6 million ETH in January to roughly 12.9 million ETH. The distribution pattern in this cohort accelerated in early January and late April, preceding notable declines in the top altcoin.

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Ethereum Price Forecast: Whales absorb retail distribution as bear market nears late stage​

Ethereum Price Forecast: Whales absorb retail distribution as bear market nears late stage​

Ethereum (ETH) large holders have been accumulating the supply of retail investors in 2026. In a report released late Wednesday, CryptoQuant analysts highlighted that the supply of the 1K-10K ETH cohort has fallen from 15.6 million ETH in January to roughly 12.9 million ETH.
Hyperliquid reports strong Q2 growth despite revenue decline

Hyperliquid reports strong Q2 growth despite revenue decline

Hyperliquid Research Collective (HRC) reported on Thursday broad growth across Hyperliquid's key operating metrics in Q2 despite a decline in revenue, as adoption of its HIP-3 ecosystem and HYPE token continued to accelerate. The firm noted that holder revenue declined 4.7% QoQ to $142.88 million, while protocol revenue fell 6.6% to $169.37 million, according to a Thursday report.
Dogecoin Price Forecast: DOGE sell-off seems unstoppable despite renewed retail interest

Dogecoin Price Forecast: DOGE sell-off seems unstoppable despite renewed retail interest

Dogecoin (DOGE) is trading under dominant selling pressure on Thursday, hovering below $0.0700, a recent support-turned-resistance level. The meme coin has shed 3% of its value in the first week of August, against a backdrop of heavier selling pressure in previous months since May highs around $0.1186.
XRP nears key support despite multi-signature upgrade proposal

XRP nears key support despite multi-signature upgrade proposal

Ripple (XRP) remains pressured, trading below $1.05 at the time of writing on Thursday. The token has declined for the fourth consecutive day this week, reflecting lethargic sentiment in the broader cryptocurrency market despite the possibility of easing geopolitical tensions in the Middle East.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.