Cryptocurrencies Price Prediction: Bitcoin, XRP & Crypto – European Wrap 11 February
|Bitcoin Price Forecast: BTC risk-on asset rather than a pure store of value
Bitcoin (BTC) extends its recovery, trading above $98,000 at the time of writing on Tuesday after gaining 1% on the previous day. Bifinex report highlights recent trends suggesting that BTC is increasingly being treated as a risk-on asset rather than a pure store of value. The upcoming US Consumer Price Index (CPI) data release for January could bring volatility to Bitcoin, and traders should watch for it.
XRP joins Litecoin, DOGE and Solana in list of possible SEC crypto ETF approvals in 2025
Ripple's XRP saw a 3% gain on Tuesday as Bloomberg analysts Eric Balchunas and James Seyffart released a list of the most likely crypto ETF filings to receive a green light from the Securities & Exchange Commission (SEC). The list includes XRP, Litecoin (LTC), Dogecoin (DOGE) and Solana (SOL).
Crypto market stays near the lower boundary
The total capitalisation of cryptocurrencies increased by 2.5% over the last 24 hours, moving away from the lower boundary of the local range. However, at $3.25 trillion, the market remains nearly unchanged from the previous week. Despite record highs in gold and European stocks, along with strong performance in U.S. securities, cryptocurrencies remain out of favour with buyers.
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