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Cryptocurrencies Price Prediction: Sui, Bitcoin & Crypto – European Wrap 30 July

Cryptocurrencies Price Prediction: Sui, Bitcoin & Crypto – European Wrap 30 July
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Sui Price Forecast: SUI loses ground amid fears over upcoming 44 million token unlock

Sui (SUI) loses ground by nearly 2% at press time on Wednesday, extending the pullback for the third consecutive day. The downside risk escalates for Sui as its Open Interest declines ahead of a 44 million token unlock on Friday. The technical outlook suggests a bearish tilt and, if the recent downtrend persists, the token could potentially test the 50-day Exponential Moving Average (EMA) at $3.49. 

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Bitcoin Price Forecast: BTC extends consolidation as Fed interest rate decision looms

Bitcoin (BTC) has been trading sideways between $116,000 and $120,000 for more than two weeks. Despite the lack of a clear price direction, corporate and institutional demand remained strong, with Strategy (MSTR) adding nearly 21,000 additional BTC and fresh inflows in the spot Bitcoin Exchange Traded Funds (ETFs).

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Crypto market cautiously retreats ahead of news

The crypto market cap has retreated another 0.7% over the last day to $3.87 trillion, maintaining a cautious stance ahead of an extremely busy second half of the week in terms of macroeconomic news. This impact is the result of the cryptocurrency market being saturated with institutional players who play by the usual rules.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple holds EMA support as ETF inflows persist

Ripple holds EMA support as ETF inflows persist

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Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate amid renewed US-Iran strikes

Bitcoin remains resilient above $78,000 as investors anticipate a renewed push toward $80,000. Ethereum continues to demonstrate a constructive technical setup, holding above $2,400. Ripple is exhibiting early signs of recovery near $1.37.

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin consolidates near $78,000 as ETF inflows surge

Bitcoin trades near $78,000 on Monday, consolidating after its recent rally as strong institutional demand continues to provide support. However, escalating Middle East tensions, rising oil prices and growing inflation concerns dampened risk appetite, which could cap the Crypto King’s upside.

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network stages mild August recovery amid potential DEX environment test

Pi Network is trading around $0.0900 on Monday, continuing its consolidation above the $0.0836 support floor. The PI Testnet has seen around 30 new tokens released under the names of leading corporations, suggesting a potential test of the DEX environment.

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin (BTC) extends gains so far this week, trading near $80,000 after testing the 50-week Simple Moving Average (SMA) at $81,114 earlier. Strong institutional demand is supporting the rally, with spot BTC Exchange Traded Funds (ETFs) on track to record a second consecutive week of billion-dollar inflows.