🚀 Bitcoin & Altcoins Surge: Flare Ignites as Crypto Markets Heat Up – Europe Market Update July 23

Crypto bulls charge ahead as Bitcoin flirts with key resistance levels and Flare Network gains traction. Here’s why traders are betting big this week.

Bitcoin’s make-or-break moment

The OG crypto tests $68K again—institutional inflows suggest this rally has legs, but skeptics eye overbought signals. Meanwhile, derivatives markets show leveraged longs piling in like it’s 2021.

Flare’s utility play pays off

The smart contract platform’s recent protocol upgrade triggers 27% weekly gains. Real-world adoption or just another vaporware pump? (We’ve seen this movie before.)

Macro winds shift

With ECB rate cuts looming, degenerate money rotates into risk assets—because nothing says ‘hedge against inflation’ like volatile digital tokens. Traders now pricing in 85% odds of a September dovish pivot.

Will this rally hold or collapse like a Celsius yield product? Either way, grab popcorn—summer liquidity crunches make for wild price action.

Bitcoin Price Forecast: BTC rejected from $120,000 as momentum cools, mild ETF outflows continue

Bitcoin (BTC) trades slightly down to near $118,000 when writing on Wednesday after testing the upper boundary of a consolidation range near $120,000 earlier in the day. The decline comes amid a second consecutive day of outflows this week from US-listed spot bitcoin exchange Traded Funds (ETFs), signaling cautious sentiment among institutional investors. The technical outlook also suggests a short-term correction, as momentum indicators show signs of exhaustion.

Flare Price Forecast: FLX surges 10% as network expands XRP DeFi use cases 

Flare (FLR) price is surging higher, trading at $0.0261 on Wednesday, supported by a robust Decentralized Finance (DeFi) ecosystem. Interest in the token exploded after the network announced the final launch of a suite of tools, making the non-smart contracts token XRP, issued by Ripple, DeFi-ready.

Crypto Today: Bitcoin, Ethereum, XRP show weakness, but rising Open Interest depicts bullish speculation

Cryptocurrencies are showing signs of weakness overall, with leading assets, including Bitcoin (BTC), ethereum (ETH), and Ripple (XRP), edging lower at the time of writing on Wednesday. A 3.5% decline in the total market capitalization to $3.9 trillion over the past 24 hours underscores the overhead pressure possibly due to profit-taking.