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Cryptocurrencies Price Prediction: Bitcoin, Crypto & Ethereum – European Wrap 21 February

Cryptocurrencies Price Prediction: Bitcoin, Crypto & Ethereum – European Wrap 21 February
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: BTC demand and liquidity conditions remain weak

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors. Moreover, a CryptoQuant’s report suggests that if demand growth and liquidity conditions do not improve, the price of Bitcoin could decline to $86,000.

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Elon Musk’s post sparks Dogefather crypto surge, tokens skyrocket

Elon Musk’s latest post on X triggered a surge in Dogefather-themed tokens, causing prices to spike as investors reacted to his influence in the crypto market.

Elon Musk’s latest post on X has ignited a massive surge in Dogefather-themed tokens, with some experiencing rapid price spikes. Known for his influence in the crypto world, Musk’s social media activity often causes waves, and this time was no different.

Bitcoin and Ethereum face uncertainty as $2B options expire, volatility looms

Bitcoin and Ethereum face a critical test as $2B in options expire, raising concerns over volatility and key support levels in the crypto market.

A major event is unfolding in the crypto market as $2.04 billion worth of Bitcoin and Ethereum options expire, raising concerns about increased volatility. Bitcoin faces key resistance levels, while Ethereum struggles to maintain its footing, leaving traders uncertain about the short-term direction.

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Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network (PI) edges lower on Friday for the third consecutive day, approaching a local support trendline. The on-chain data suggests an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows.

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Zcash , MYX Finance, and Dash are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages (EMA).

XRP slides amid record on-chain activity, mixed technical signals

XRP slides amid record on-chain activity, mixed technical signals

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual DEX had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.