Cryptocurrencies Price Prediction: Chainlink, Bitcoin & CRCL – European Wrap 15 July

Chainlink Price Forecast: LINK holds gains as bullish momentum builds

Chainlink (LINK) price edges higher on Wednesday, holding its 5% gains from the previous day. Retail speculative demand for LINK is rising, with its futures Open Interest up 6% over the past 24 hours. The technical outlook is mildly bullish, with LINK edging higher toward a key resistance trendline as upside momentum builds up.

Bitcoin Price Forecast: BTC approaches technical pivot as soft US CPI aids recovery

Bitcoin (BTC) is near the key technical resistance zone around $65,160 on Wednesday as softer-than-expected US inflation data improves risk sentiment across the crypto market. The June Consumer Price Index (CPI) report on Tuesday reinforced expectations that the Federal Reserve (Fed) is unlikely to resume interest-rate hikes in the near term, providing support for the Crypto King. However, institutional demand remains mixed, with spot Bitcoin Exchange Traded Funds (ETFs) continuing to see fluctuating flows, leaving the 50-day Exponential Moving Average (EMA) as the next key technical hurdle for BTC.

Cathie Wood’s ARK buys another 220K Circle shares despite sell-off

Cathie Wood’s ARK Invest is doubling down on its bet on USDC issuer Circle even as the company’s stock remains under pressure.

ARK bought another 220,000 shares of Circle Internet Group (CRCL) across three of its actively managed exchange-traded funds on Tuesday, according to the company’s daily trade disclosure reviewed by Cointelegraph.