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Cryptocurrencies Price Prediction: Bitcoin, Cryptos & CPI – American Wrap 12 March

Cryptocurrencies Price Prediction: Bitcoin, Cryptos & CPI – American Wrap 12 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin open interest crosses $46B as Polymarket bettors raise Russia-Ukraine ceasefire odds to 78%

Bitcoin price rose 3% in the last 24 hours, reclaiming territories above $83,700 after forming a local bottom around $76,000 on Tuesday. Early market signals after the latest United States (US) Consumer Price Index (CPI) data suggest the latest BTC upside momentum could linger.  

Bitcoin price analysis, March 12

Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree

Bitcoin price rebounded as high as $83,500 on Wednesday, up 7% from the seven-month low of around $76,000 recorded on Monday. 

Bitcoin forms bullish RSI divergence just in time for US CPI

A technical analysis pattern hinting at bull reversal has appeared on Bitcoin's (BTC) daily price chart as market participants look to Wednesday's U.S. inflation data to put a floor under risk assets.

Chart
 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple seeks higher support amid cooling on-chain activity and ETF demand

Ripple seeks higher support amid cooling on-chain activity and ETF demand

Ripple (XRP) is trading above $1.50 on Monday, as bulls struggle to sustain recovery. Despite the sideways price action between support at $1.45 and supply at $1.60, XRP remains supported by uptrending major moving averages and key momentum indicators.

Crypto Today: Bitcoin rally slows while Ethereum and XRP extend recovery amid slowing ETF inflows

Crypto Today: Bitcoin rally slows while Ethereum and XRP extend recovery amid slowing ETF inflows

Bitcoin is narrowly consolidating while trading above $86,000 at the time of writing on Monday. Altcoins, on the other hand, show a positive outlook, with Ethereum edging higher above $2,700 while Ripple steadies above $1.52.

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AI Tokens Price Prediction: Capital rotation fuels FET, VIRTUAL, and NEAR rallies

AI tokens, including Artificial Superintelligence Alliance, Virtuals Protocol, and NEAR Protocol, are leading gains over the last 24 hours. This suggests a rotation of capital from previously favored DeFi tokens into AI tokens.

Bitcoin holds $86K as ETF inflows, Fed hike bets ease

Bitcoin holds $86K as ETF inflows, Fed hike bets ease

Bitcoin holds the $86,000 mark at the time of writing on Monday after three consecutive weeks of gains over 12% since mid-September. Institutional demand supports the bullish price action, with BTC spot Exchange Traded Funds recording the third week of positive flows.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.