Cryptocurrencies Price Prediction: Cardano, Solana & Bitcoin – European Wrap 10 April

FXStreet Team FXStreet

Cardano stabilizes near $0.62 after Trump’s 90-day tariff pause-led surge

Cardano (ADA) stabilizes around $0.62 on Thursday after a sharp recovery the previous day, triggered by United States (US) Donald Trump’s decision to pause tariffs for 90 days except for China and other countries that had retaliated against the reciprocal tariffs announced on April 2. China faces a 125% tariff to be levied on all exports to the US after the Asian country retaliated with 84% duties.

Solana signals bullish breakout as Huma Finance 2.0 launches on the network

Solana (SOL), the fourth-largest smart contracts token, slightly retraces and trades at $114.46 at the time of writing on Thursday after gaining 8% in the last 24 hours. SOL surged to retest the $120.00 hurdle as global markets rebounded in celebration of United States (US) President Donald Trump’s decision to suspend reciprocal tariffs, which affected dozens of countries, on Wednesday. Meanwhile, Huma Finance 2.0, the first Payment Finance (PayFi) Network, debuted on the Solana blockchain, bringing stable, real yield to the decentralized finance (DeFi) ecosystem.

Bitcoin Price Forecast: BTC stabilizes around $82,000, Dead-Cat bounce or trendline breakout

Bitcoin (BTC) price stabilizes at around $82,000 on Thursday after recovering 8.25% the previous day. US President Donald Trump's announcement of a 90-day tariff pause on Wednesday triggered a sharp recovery in the crypto market. This recovery brought in liquidations, reaching $589 million on Wednesday, with the short position liquidation amounting to $374 million. Despite this price revival, the US spot Bitcoin Exchange Traded Funds (EFTs) demand continues to weaken, recording over $127 million outflows on that day.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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