Cryptocurrencies Price Prediction: Bitcoin, Cardano & Crypto – European Wrap 11 March

FXStreet Team FXStreet

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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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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