Cryptocurrencies Price Prediction: Bitcoin, Cardano & Crypto – European Wrap 11 March
|Bitcoin Price Forecast: BTC rebounds above $80,000 ahead of US CPI data release
Bitcoin (BTC) price recovers slightly, trading above $80,000 on Tuesday after declining nearly 3% the previous day. US spot Exchange Traded Fund (ETF) data continues to show weakness among institutional investors, with $278.40 million outflow on Monday. The upcoming US macro data releases CPI on Wednesday and PPI on Thursday could increase volatility for risky assets like Bitcoin.
Cardano eyes recovery as it retests key support, funding rate and bullish bets signal optimism
Cardano (ADA) recovers slightly by 4%, trading around $0.70 on Tuesday after falling nearly 7% the previous day. On-chain metrics signal further recovery as ADA’s funding rate turns positive while its bullish bets reach the highest level over a month.
Trump plans order to end crypto banking restrictions
Donald Trump is preparing to sign an executive order aimed at reversing policies that have restricted banking access for cryptocurrency businesses. This move is expected to overturn what industry leaders have called Operation Choke Point 2.0, a set of restrictions that have made it difficult for crypto banks to operate within the traditional financial system. By lifting these barriers, Trump's order could reshape the digital asset landscape in the United States, providing new opportunities for crypto-friendly financial institutions.
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