Cryptocurrencies Price Prediction: Sui, Bitcoin & Crypto – European Wrap 10 January

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Sui Price Forecast: SUI bulls eyes for a new all-time high of $6.35

Sui (SUI) price recovers most of its weekly losses and trades around $5.06 at the time of writing on Friday. On-chain metrics hint at a rally ahead as SUI’s long-to-short ratio reaches the highest level in over a month, and open interest is also rising. The technical outlook suggests a rally continuation, projecting a new all-time high (ATH) of $6.35.

Bitcoin Weekly Forecast: Room for a recovery or continuation of the pullback?

Bitcoin’s (BTC) price slightly recovers and trades around $94,700 on Friday after declining nearly 6% earlier this week. US Bitcoin spot Exchange Traded Funds (ETF) data shows signs of mild recovery, with a total net inflow of $462.2 million until Thursday. A 10xResearch report released this week projects Bitcoin’s price action for the upcoming major events in January.

Trump to launch first senate crypto subcommittee

The U.S. Senate Banking Committee, led by Senator Tim Scott, is preparing to create the first-ever subcommittee dedicated to cryptocurrency. This unit will be modeled on the House Financial Services Committee led by Patrick McHenry in 2023. Reports indicate that Republican Senator Cynthia Lummis of Wyoming will chair the new subcommittee, with members to be chosen through a committee vote soon.

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FXStreet Team

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Derive Price Forecast: Rising derivatives demand positions DRV for further gains

Derive (DRV) edges higher extending its third consecutive day of recovery above $0.1000. The increasing volume and fees collected through Perpetuals and Options contracts suggest that Derive’s market share in crypto derivatives is growing.

Cardano Price Forecast: Fading bearish momentum offers hope for recovery

Cardano (ADA) is stabilizing around $0.145 after suffering a sharp 21% decline over the previous two weeks. Derivatives metrics continue to reflect cautious market sentiment; however, fading bearish momentum suggests ADA could recover in the coming days.

Top 3 Price Prediction: BTC rebounds; ETH and XRP defend key support following recent correction

Bitcoin, Ethereum and Ripple are showing early signs of stabilization after a correction of nearly 6%, 8% and 7%, respectively, over the previous week. BTC reclaims $60,000, ETH is holding firmly above the critical $1,500 support level, while XRP is also attempting to stabilize around the key $1.00 psychological level.

Crypto Market Overview: Bitcoin stuck near $60,000 – Zcash, Jupiter extend losses

The broader cryptocurrency market continues to trade under pressure, with Bitcoin (BTC) struggling for direction near $60,000 on Monday. Retail sentiment in crypto leans bearish, with CoinMarketCap’s Fear and Greed Index at 15 on Monday, maintaining a sideways trend deep in the “Extreme Fear” zone.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.