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

FXStreet Team FXStreet

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.

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.

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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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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