Cryptocurrencies Price Prediction: Cardano, Bitcoin & Ripple – European Wrap 17 June

Cardano Price Forecast: ADA eyes further losses amid triangle fallout

Cardano (ADA) trades in the red by over 1% at press time on Tuesday, extending its losses from the previous day. Shrugging off the recent announcement of the revised stake pool incentive scheme by Input/Output firm, pressure mounts over Cardano, with optimism in ADA derivatives declining. Amid such conditions, the technical outlook warns of a steeper correction as a triangle pattern unfolds. 

Bitcoin Price Forecast: BTC falls slightly as Trump calls security advisors to deal with Iran-Israel war

Bitcoin (BTC) price falls to around $106,000 at the time of writing on Tuesday following a mild recovery the previous day. The decline comes as investors continue to digest the escalation of the Iran-Israel conflict and after US President Donald Trump highlighted concerns and asked his security advisors to meet in the situation room. While institutional interest in Bitcoin remains robust, any further escalation in the Middle East could impact global risk assets.

XRP upholds optimism despite the SEC and Ripple's abeyance request in the Second Circuit 

Ripple and the US Securities and Exchange Commission (SEC) filed a request to hold the appeals in abeyance with the US Court of Appeals for the Second Circuit on Monday. Despite the abeyance testing investors’ patience, the optimism surges in XRP derivatives as the Open Interest crosses above $4 billion.