Cryptocurrencies Price Prediction: Maker, Aave & Bitcoin — Asian Wrap 05 July

FXStreet Team FXStreet

Maker price retaining $1,000 is crucial for $20 million worth of MKR for this reason

Maker price achieved significant gains this week after posting green candlesticks day after day. This revived hope in the hearts of investors that they could be seeing profits soon. However, the changing market conditions and peculiar investor behavior might keep some of these investors from seeing profits for a while.

Aave price rally of 30% faces threat from whales and mid-term holders

Aave price has been one of the best-performing crypto assets for days now. The altcoin has been marking consistent gains and has managed to recover a significant chunk of the losses witnessed over the past few weeks. But these gains seem to be in trouble as they could vanish if investors pull back, which is seemingly the case presently.

Bitcoin price could display a fresh increase as Jim Cramer warns against investing in BTC

Bitcoin (BTC) price has been trading with a bullish bias, rising around 25% since mid-June. The king of crypto had been looking for a proper catalyst to fuel a continued uptrend, and American Television Personality and host of CNBC’s Mad Money, Jim Cramer, could be it.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.