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Cryptocurrencies Price Prediction: WLD, DEX & Crypto – European Wrap 24 July

Cryptocurrencies Price Prediction: WLD, DEX & Crypto – European Wrap 24 July
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Sam Altman's Worldcoin rolls out with massive rally

Worldcoin, Sam Altman’s digital ID project to verify users’ identity and tackle the advances and challenges that are likely to arise with higher adoption of artificial intelligence, launched early on Monday. 

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Hamsters, roaches or snails: Animal-themed cryptocurrencies take center stage among crypto traders

Crypto traders have shifted their focus from Bitcoin to altcoins in July, with the emergence of a new narrative in DeFi. Animal-themed tokens, such as Hamsters (HAMS), Snail Race (SNAILS) and Roach (ROACH), have yielded massive gains for traders on decentralized exchanges.

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The crypto market is poised for a deeper correction

The crypto market lost 1.8% to last week's level of $1.192 trillion, spending most of its time within the $1.190-1.210 trillion range and near its lower boundary on Monday morning. The market has found its temporary equilibrium as it awaits the decisions of three major central banks - the Fed, the ECB, and the Bank of Japan - later this week. Their actions and comments will likely complete the market consolidation and set the trend for the coming weeks.

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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 Price Forecast: Sellers retain control as Evernorth Holdings files with SEC to buy more XRP

Ripple Price Forecast: Sellers retain control as Evernorth Holdings files with SEC to buy more XRP

Ripple’s (XRP) correction on Monday is deepening below $1.30, reflecting growing headwinds in the broader cryptocurrency market. Based on the token’s technical picture, the path of least resistance could stay downward until the $1.30 supply area flips into support.

Bitcoin stalls around $80,000 as geopolitical tensions dampen risk appetite

Bitcoin stalls around $80,000 as geopolitical tensions dampen risk appetite

Bitcoin hovers around $80,500 on Monday after three straight weeks of correction. Rising geopolitical tensions in the Middle East continue to push oil prices higher, stoking inflation concerns and dampening risk appetite.

Crypto Today: Bitcoin, Ethereum and XRP extend losing streak as bearish momentum builds

Crypto Today: Bitcoin, Ethereum and XRP extend losing streak as bearish momentum builds

Cryptocurrency prices are broadly correcting on Monday, led by Bitcoin’s five-day sell-off. Ethereum edges lower and trades around $2,325, as sellers build momentum to retain control over the trend. Meanwhile, Ripple shows signs of consolidating.

Pi Network Forecast: PI token remains under bearish pressure despite network access and security upgrade

Pi Network Forecast: PI token remains under bearish pressure despite network access and security upgrade

Pi Network trades around $0.075 on Monday, holding steady after two consecutive days of roughly 2% losses, resulting in the lowest weekly close ever. Pi Network rolled out desktop version 0.6.4 on Thursday, focused on improving remote access and security for local AI apps.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot Exchange Traded Funds recording $442.67 million in net inflows through Thursday.