Cryptocurrencies Price Prediction: NEAR, Bitcoin & Stablecoin – European Wrap 6 July

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NEAR Protocol Price Forecast: NEAR loses steam near key resistance, raising downside risks

NEAR Protocol (NEAR) faces weakness on Monday, reversing from a key overhead trendline near $2.00. Retail demand is easing, with NEAR futures Open Interest and funding rates waning, which sparked the previous week’s rebound. The technical outlook for NEAR Protocol raises concerns about a steeper decline, with focus on the 50-day Exponential Moving Average (EMA) support at around $1.97.

Bitcoin Price Forecast: BTC faces rejection at $64,000 amid persistent ETF outflows

Bitcoin (BTC) is struggling below $64,000 on Monday after recovering more than 6% over the previous week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million last week, marking the eighth consecutive week of withdrawals. Meanwhile, renewed concerns over the Strait of Hormuz keep investors cautious, capping the potential upside move for the Crypto King.

Stablecoin transaction volume hits record $1.79T in June

Adjusted stablecoin transaction volume hit a record $1.79 trillion in June, up 63% from May’s $1.1 trillion, according to payments giant Visa.

June’s record stablecoin transaction volume surpassed the previous record of $1.78 trillion in February, and is up 125% from the prior-year period, according to Visa’s Allium-powered stablecoin analytics dashboard.

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Cardano Price Forecast: Bullish momentum persists as traders stay cautiously optimistic

Cardano (ADA) is trading slightly lower on Monday, finding support around the key technical level at $0.186. ADA pauses its gains at the start of this week after posting a massive 31% rally in the previous week.

Top 3 Price Prediction: BTC maintains recovery, ETH challenges 50-day EMA, XRP breaks higher

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) began the week on a constructive note after surging over 6%, 13% and 10% in the previous week. BTC holds steady around $63,500, ETH approaches a key technical resistance at $1,800, while XRP has broken above the upper boundary of a falling channel, strengthening the bullish outlook.

Crypto Market Overview: Steady recovery in Bitcoin nears key resistance – PUMP and HYPE lead gains

Bitcoin steadies above $63,000 following a five-day recovery stretch last week, totaling roughly 7% gains. Easing risk-off sentiment in the broader market supports the mild recovery in action, with Pump.fun and Hyperliquid leading gains over the last 24 hours.

Bitcoin rebounds above $62K amid weak US jobs data, uncertainty among options traders

Bitcoin (BTC) rebounded after weaker-than-expected US labor market data eased expectations for tighter monetary policy. In a report on Friday, crypto asset manager CoinShares stated that the recovery does not yet signal the start of a sustained uptrend, as restrictive Federal Reserve (Fed) policy and lingering market headwinds weigh on sentiment.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.