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Cryptocurrencies price prediction: Bitcoin, Ethereum & TRON – European Wrap – 7 February

Cryptocurrencies price prediction: Bitcoin, Ethereum & TRON – European Wrap – 7 February
FXStreet TeamFXStreet TeamFXStreet

Bitcoin boosted on “Crypto Mom” comments, $10,000 still intact

Bitcoin has settled above $9,700 during early Asian hours on Friday. The first digital asset has gained 1.5% on a day-to-day basis and stayed unchanged since the beginning of the day. BTC reached new high of 2020 at $9,841 on Thursday. Bitcoin's market dominance settled at 64.1%, while a number of accounts in the money increased to 80%.

Bitcoin

Ethereum Price Analysis: ETH/USD hist new high of 2020, SMA200 weekly in sight

Ethereum (ETH) tested new of $223.39 during earlu European hours and retreated to $221.8 by press time. The coin has gained over 5% and 4% since the beginning of Thursday. ETH/USD has been growing rapidly amid the recovery on the cryptocurrency market.


Ethereum

Tron Price Analysis: TRX/USD on the verge of strong growth as $0.0230 is broken

Tron, now the 11th largest digital asset with the current market value of $1.5 billion, has gained over 12% in recent 24 hours to trade at $0.02320 at the time of writing. TRX/USD hit $0.02377 on Friday amid a strong bullish wave triggered by market fundamentals ab positive technical developments. An average daily trading volume spiked to $1.9 billion from $1.4 billion the day before.

TRON

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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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Zcash rally hits record high in a parallel channel amid network growth

Zcash rally hits record high in a parallel channel amid network growth

Zcash rally continues to scale higher, trading above $1,600 on Wednesday after a 10% jump the previous day. The privacy-focused token witnesses a surge in shielded activity, recording the highest weekly total since 2022, while Grayscale’s ZEC-focused fund logged over $30 million in inflows on Tuesday.

Bitcoin Cash, BitcoinSV, and LayerZero rallies push higher

Bitcoin Cash, BitcoinSV, and LayerZero rallies push higher

Top altcoins, including Bitcoin Cash, BitcoinSV, and LayerZero, are up in double digits over the last 24 hours, suggesting a potentially stable upward trend. BCH reclaims the $300 threshold, scaling to a three-month high while BSV and ZRO are trading at their annual and four-month highs, respectively.

Bitcoin steadies after strong rally, Ethereum and XRP ease into consolidation

Bitcoin steadies after strong rally, Ethereum and XRP ease into consolidation

Bitcoin, Ethereum, and Ripple bulls take a breather mid-week after gains of 6%, 4%, and 13% so far this week. BTC consolidates at $86,300, ETH hovers around $2,751, and XRP is at $1.57. The price action of these top three cryptocurrencies suggests bulls remain in control.

Ethereum holds above $2,700 as investors continue bullish positioning

Ethereum holds above $2,700 as investors continue bullish positioning

Ethereum held above $2,700 on Tuesday after starting the week on a positive note. The top crypto stretched its 7-day gains to 14% after energy prices and the US 10-year Treasury yields dipped on Monday.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.