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Cryptocurrencies Price Prediction: Injective, Bitcoin & Crypto – European Wrap 3 July

Cryptocurrencies Price Prediction: Injective, Bitcoin & Crypto – European Wrap 3 July
FXStreet TeamFXStreet TeamFXStreet

Injective extends gains as Testnet goes live amid rising demand for tokenized stocks

Injective (INJ) rises 5% at press time Thursday, following the 11.50% surge from the previous day on the back of Injective Protocol's Testnet going live. Amid the rising buzz around tokenized stocks, the Testnet launch boosted the optimism around the future of the platform and its token, with Open Interests in the derivatives market hitting a 30-day high of $170 million. The technical outlook supports an extended rally as trend momentum shifts to bullish. 

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Bitcoin Price Forecast: BTC near its all-time highs ahead of US NFP

Bitcoin (BTC) price climbs above $109,000 at the time of writing on Thursday, breaking out of its recent consolidation range and moving closer to its all-time highs. The breakout comes amid improving macroeconomic conditions and renewed risk appetite following the announcement of a US-Vietnam trade agreement. Traders now await the US Nonfarm Payrolls (NFP) report on Thursday, which could provide key insights into the Federal Reserve’s (Fed) interest rate trajectory.

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Crypto Today: Bitcoin uptrend anchored by institutional demand as Ethereum, XRP extend gains 

Cryptocurrencies are generally ticking higher on Thursday, anchored by steady market sentiment. Bitcoin (BTC) leads the recovery after breaking above the $109,000 resistance. Altcoins edge higher, with Ethereum’s (ETH) price stepping above $2,600. Meanwhile, Ripple (XRP) flaunts a renewed bullish structure, above the previously stubborn hurdle at around $2.20. 

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery

XRP falls toward key support as macro uncertainty, weak momentum cap recovery

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver

Bitcoin pulls back as another golden cross fails to deliver

Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.