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

FXStreet Team FXStreet

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%.

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.

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.

Author

FXStreet Team

FXStreet

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.

Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.