Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Terra – European Wrap 13 December

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Bitcoin price booms as inflations undershoot lowest estimations

Bitcoin (BTC) price shoots higher as US inflation, both the core and the overall number, are coming out lower than expected. Both data points broke below the lowest estimation from analysts and triggered an upside surprise, mainly caused by energy prices. Food and rent are still causing the most headaches for the households, but their budget is getting some air while the Fed is now secured to hike only 50bp on Wednesday instead of the feared 75bp.

Ethereum price is going nowhere as the first big market trigger is set for today

Ethereum (ETH) price is set to enter the final and most volatile week of the year, with today on the menu as the first big catalyst that could determine price action for the coming weeks and possibly even January. US CPI numbers are set to be published today, and markets want a) a drop from last month and b) preferably a number lower than 7.3%. Traders trading this event will want to read further on the possible projections and what it means for Ethereum price valuation.

Justin Sun defends USDD from Terra-like collapse, deploys capital to re-establish $1 peg

Terra ecosystem’s stablecoin USDD lost its $1 peg and has slipped to the $0.97 level. Justin Sun has alleviated fears of users in the Tron ecosystem and informed them that he is deploying more capital to re-establish USDD’s $1 peg.

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XRP approaches key support as risk-off sentiment deepens

Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.

Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment

The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.

The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes

Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).

The crypto market is moving in the opposite direction to equities

The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.