Bitcoin, Stellar & Ethena Price Predictions: European Market Wrap - September 3 Analysis

Crypto markets pivot as Bitcoin tests key resistance levels while Stellar and Ethena show divergent momentum patterns.

Bitcoin's Consolidation Phase

The flagship cryptocurrency maintains its position above critical support, with institutional flows suggesting accumulated positioning ahead of potential breakout moves. Trading volumes remain elevated across European exchanges.

Stellar's Network Activity Surge

Cross-border payment protocols show increased transaction throughput, though price action lags behind network growth metrics. Market makers appear to be building positions during this divergence period.

Ethena's Synthetic Dollar Dynamics

Yield-bearing stablecoin protocols face their first real stress test as traditional finance rates fluctuate. The mechanism either proves robust or reveals itself as just another clever repackaging of existing risk—because what's finance without dressing old products in new jargon?

European traders position cautiously ahead of regulatory announcements, with the ECB's digital currency proposals looming over private alternatives. The real question remains: will these predictions hold, or are we just reading tea leaves in a hurricane?

Bitcoin Price Forecast: BTC recovers as 90% chance of Fed rate cut in September, ETF inflows boost sentiment

Bitcoin (BTC) is holding steady near $111,000 on Wednesday after reclaiming its 100-day Exponential Moving Average (EMA) the previous day. BTC’s recovery is supported by renewed institutional demand and corporate accumulation, which is strengthening market sentiment. Meanwhile, the growing expectations of a 90% probability of a Federal Reserve (Fed) rate cut in September are fueling risk-on appetite, supporting the largest cryptocurrency by market capitalization recovery.

Bitcoin price started the week on a positive note, recovering slightly and hovering around $111,100 mid-week, after extending its three-week trend of lower lows from its record high of $124,474.

Stellar Price Forecast: Whisk upgrade faces muted interest amid XLM mixed technical outlook

Stellar (XLM) edges lower by over 1% at press time on Wednesday, reversing after the 3% jump from the previous day. The soft stance in XLM aligns with the mixed technical and derivatives sentiment ahead of Stellar’s Protocol 23 launch, named Whisk. 

The stellar Protocol 23, named Whishk, aims to boost smart contract development on the network. Whisk will introduce features such as unified events to eliminate the fragmentation between classic operations and smart contracts, alongside parallel transactions for faster transactions at lower costs. 

Ethena Price Forecast: ENA nears breakout as bullish momentum builds, token unlock looms

Ethena (ENA) edges higher by 1% at press time on Wednesday, extending the weekly gains to 9% so far. The technical and derivative outlook suggests a bullish bias, while the upcoming 171 million ENA unlock bears a potential supply dump risk.

The short-term recovery in Ethena this week remains intact after the 40.63 million ENA unlocked on Tuesday, which accounted for 0.64% of the circulating supply. This suggests the improvement in investors' confidence, preventing a quick supply dump.