|

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cardano – European Wrap 5 September

Crypto Today: Bitcoin renews bid for $118,000, Ethereum and XRP show recovery signs 

Cryptocurrency prices are showing signs of recovery on Friday, led by Bitcoin (BTC), which has reclaimed support above $112,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), are edging higher, reflecting easing selling pressure. 

Bitcoin, having reached its record high of $124,474, has since encountered intense volatility, triggered by macroeconomic uncertainty and profit-taking, especially from long-term holders. The risk-off sentiment spread to the derivatives market, which saw significant cooling. Bitcoin’s Open Interest (OI) averages at $79.21 billion at the time of writing after peaking at $88 billion on July 15.

Gold hits a new all-time high: What does this mean for Bitcoin?

While Gold (XAU/USD) has climbed to a new all-time high of $3,578 in early September, Bitcoin (BTC) struggled, retesting July lows after a three-week decline, reigniting the debate about Gold’s role versus Bitcoin as a store of value. Correlation between both assets remains weak, which challenges the “digital gold” narrative but supports both as complementary hedges. To gain more insights into Gold and Bitcoin, FXStreet interviewed some experts in the crypto markets.

Cardano Price Forecast: ADA gears up for a potential breakout run

Cardano (ADA) trades above $0.80 at press time on Friday, with bulls trying to overcome the 3.26% loss from the previous day. Cardano’s recovery teases a potential falling wedge pattern breakout on the 4-hour chart amid steady optimism among derivative traders. However, the on-chain data flash weakness as profits and network activity decline. 

The Network Realized Profit/Loss (NRPL) is used to gauge the net amount of profit or loss realized by token holders after on-chain transactions. Santiment data shows Cardano’s NRPL stands at 3.48 million ADA, down from 13.98 million ADA on Thursday. This indicates a significant decline in the amount of profits booked by ADA holders, suggesting a drop in bullish momentum.

Author

More from FXStreet Team
Share:

Editor's Picks

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid mixed ETF flows

The cryptocurrency market is showing subtle recovery signs despite heightened global uncertainty following the United States (US) and Israel attacks on Iran and the subsequent retaliations that have morphed into a wider Middle East war.

Renewed ETF inflows send BTC above $71,000, offsetting war uncertainty

Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.