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Cryptocurrencies Price Prediction: Bitcoin, XRP, Litecoin, and Crypto- European Wrap 11 February
Bitcoin is on the trail to recovery, trading at $96208.75. But the downside risk remains, largely due to global trade complications.
Author by
Prabaha Gupta
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Bitcoin is gradually trailing the past to recovery. The real-time Bitcoin price remains at $96208.75 during publication, down by 1.29% today. A day ago, it was $97267.10. Despite the slump, Bitcoin’s price is stabilizing. Still, some concerns remain.
The broader crypto community and institutional crypto trading agencies flag Bitcoin as a risk-on asset. It is not a value-delivering asset anymore. Once the CPI data for the last month goes public, the crypto market trends will be clearer. The industry can be sure of their next steps regarding Bitcoin.
XRP inching towards ETF approvals in 2025 with Litecoin, Dogecoin, and others
Another great day for Ripple’s XRP! With a 3% gain Tuesday, Balchunas and Seyffart from Bloomberg filed a list of potential cryptos that could make it to the ETF filings for 2025.
The headers on the chart to be released by the SEC could flag XRP, Litecoin, Dogecoin, and Solana on the top followed by others.
Some real-time Bitcoin analysis today shows that the price stability of this stablecoin could improve the overall capitalization of cryptocurrencies. On the last day, the total cap increased by 2.5%. However, the market cap is still $3.25 trillion. Therefore, there is no massive change from last week.
But there is positive traction in gold stocks and European stocks. Cryptocurrencies are also staging really good performances in the US securities. Despite all that, buyer sentiments are not doing any good.
Trader’s digest
Traders must keep an eye open for Bitcoin price prediction daily. With the right Bitcoin analysis and prediction, major traders like MicroStrategy (now Strategy) can decide whether to invest more in this token or not. Meanwhile, XRP is also pruning towards a resistance level of $2.58 to $2.63.
The market developments and industry insights also show that XRP is going through a short-term bullish span. Will this streak continue? Only time can tell that. But this temporary relief will console a lot of XRP loyalists!
In the meantime, don’t forget that the overall bearish condition of the crypto market is still an unavoidable reality.
Prabaha Gupta
Editor
Meet Prabaha, a passionate cryptocurrency enthusiast and experienced trader, with a deep understanding of blockchain technology and digital assets. With years of hands-on experience in navigating the volatile crypto markets, Prabaha shares expert insights, strategies, and up-to-date trends to help both new and seasoned traders make informed decisions. When not analyzing charts or writing about market movements, Prabaha stays ahead of the curve by exploring emerging technologies within the crypto space.
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