Cryptocurrencies Price Prediction: Ripple, Bitcoin & Crypto – European Wrap 7 July

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

Ripple (XRP) 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 Price Forecast: BTC struggles despite renewed ETF inflows as Strategy sale impact fades

Bitcoin (BTC) 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. Reports suggest that Monday's headline about Strategy’s recent Bitcoin sale had only a short-lived impact on prices, highlighting the Crypto King’s resilience and deep liquidity.

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.

Although the crypto Fear & Greed Index edged up to 27 on Tuesday from 24 the day before, sentiment remains firmly entrenched in Fear territory.

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FXStreet Team

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Ripple and Stellar outlook: XRP stalls at key resistance, XLM rally loses steam

Ripple and Stellar are trading under pressure as bulls lose steam. XRP faces rejection near key resistance, while XLM continues its pullback so far this week. Despite the ongoing correction, mixed on-chain and derivatives metrics suggest traders remain cautiously optimistic for these altcoins. Derivatives data shows a mixed outlook.

Crypto Market Overview: Bitcoin loses steam around $63,000 – DeFi tokens rally

Bitcoin sustains above $63,000 at press time on Tuesday, upholding a streak of six consecutive days of gains despite Strategy selling 3,588 BTC on Monday. The broader crypto market sentiment holds while DeFi tokens such as DeXe and LayerZero emerge as top gainers over the last 24 hours.

Bitcoin edges above $64K as easing sell pressure, improving ETF flows support recovery

Bitcoin (BTC) began July on stronger footing after rebounding above $64,000 following improving derivatives positioning and signs of market stabilization. QCP analysts noted that Bitcoin's early-July rebound aligns with long-term seasonal trends. Historically, July has been one of Bitcoin's strongest months, averaging gains of about 7.5%.

Ethereum Price Forecast: BitMine expands ETH accumulation amid crypto treasury pressure

Ethereum (ETH) treasury firm BitMine Immersion Technologies scooped 42,197 ETH last week, extending its weekly accumulation streak of the top altcoin. The purchase has pushed the company's total ETH holdings to 5.74 million ETH worth roughly $10.27 billion at the time of writing.

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.