Cryptocurrencies price prediction: ONDO, DAO & Cryptos – American Wrap 07 July

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Ondo launches Perps with 20x leverage on tokenized stocks

Ondo Finance has expanded its financial services suite to include perpetual futures contracts for tokenized stocks. The platform, referred to as Ondo Perps, will provide 24/7 trading and over 20x leverage, utilizing tokenized stocks as collateral.

Crypto: The market is set to test the strength of the downtrend

The crypto market capitalisation has risen by 2.3% over the past 24 hours to $2.19T. Still, we see the market’s ability to absorb the news of Strategy selling bitcoins from its reserves as the key development. The market began to recover from the initial dip fairly quickly, adopting a pragmatic stance regarding the scale of the sell-off.

Lido DAO Price Forecast: LDO bulls retain control and target $0.30

Lido DAO (LDO) maintains a bullish short-term bias, trading around $0.28 at the time of writing on Tuesday. The liquid staking token (LST) has logged consistent gains since last Wednesday, indicating growing risk appetite.

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FXStreet Team

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XRP slides as retail demand cools, shrugs off Ripple's MiCA license approval

Ripple edges lower while trading around $1.13 at the time of writing on Tuesday. The remittance token upholds a broader bearish bias, attributed to softening retail interest and the lack of strong catalysts to prevent rallies from being sold as investors appear to prefer short-term gains.

Bitcoin struggles despite renewed ETF inflows as Strategy sale impact fades

Bitcoin falls below $64,000 on Tuesday, erasing part of the recent gains following six consecutive days of price rises. Institutional demand shows signs of recovery, with spot ETFs recording a second day of inflows through Monday after weeks of outflows.

Crypto Today: Bitcoin, Ethereum, XRP struggle to build momentum despite returning ETF inflows

The cryptocurrency market continues to struggle with dominant headwinds, with Bitcoin (BTC) hovering around the short-term $63,000 support, Ethereum (ETH) holding below $1,800 and Ripple (XRP) testing the demand area at $1.13.

Pi Network flashes early reversal signals at the last line of defense

Pi Network is trading near its lowest level at $0.1100 on Tuesday, under intense downside pressure. PI remains vulnerable to steeper corrections, with its fourth straight day of losses amid weak market-wide risk appetite.

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.