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

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. 

BTC/USD daily chart

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. 

 
ETH/USD daily chart

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. 

USDD price chart

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Bitcoin Price Forecast: BTC steadies as bears shift focus toward $70,000

Bitcoin price remains under pressure so far this week, with the Crypto King slipping below $73,000 on Tuesday for the first time since November 2024. The price dip in BTC was fueled as the news came in late Tuesday that the US military shot down an Iranian drone that “aggressively” approached the USS Abraham Lincoln aircraft carrier in the Arabian Sea. 

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Bitcoin: BTC correction deepens as Fed stance, US-Iran risks, mining disruptions weigh

Bitcoin (BTC) price extends correction, trading below $82,000 after sliding more than 5% so far this week. The bearish price action in BTC was fueled by fading institutional demand, as evidenced by spot Exchange-Traded Funds (ETFs), which recorded $978 million in inflows through Thursday.