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Cryptocurrencies Price Prediction: Bitcoin, LIBRA & Crypto – European Wrap 13 March

Cryptocurrencies Price Prediction: Bitcoin, LIBRA & Crypto – European Wrap 13 March
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC stabilizes around $83,000 ahead of US PPI data and weekly jobless claims

Bitcoin (BTC) hovers around $83,100 on Thursday after recovering nearly 3% this week as February’s US Consumer Price Index (CPI) data came in softer-than-expected on Wednesday. Market participants await US Producer Price Index (PPI) data for February and initial weekly jobless claims for further economic cues on Thursday. Moreover, a CryptoQuant weekly report highlights how Bitcoin could be at the start of a bear market.

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Why LIBRA meme coin promoted by Argentina President Milei is crashing?

LIBRA meme coin promoted by Argentina’s President Javier Milei is making headlines again, crashing nearly 15% on the day. A local Argentine media outlet, Perfil, reported that lawyer Gregorio Dalbón had requested Interpol for a red notice to be issued for Hayden Davis. 

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Crypto: Just a bumpy downtrend

The crypto market declined during the week to a total capitalisation of $2.5 trillion, a third lower than the peaks in December last year. However, towards the end of the week, we could see attempts to stabilise the market, with a rebound of $2.67 trillion.

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XRP slides as institutional and retail demand falters

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.

Zcash downside risks escalate as core development quits amid internal disagreements

Zcash downside risks escalate as core development quits amid internal disagreements

Zcash (ZEC) is trading down as volatility reaps through the cryptocurrency market on Thursday. The privacy-focused token is down nearly 14%, marking the largest intraday loss since December 1.

Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds

Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds

Bitcoin is trading around $90,000 at the time of writing on Thursday as volatility grips the broader cryptocurrency market. Altcoins, including Ethereum and Ripple, also face increasing selling pressure, which continues to trim early-year gains.

Bitcoin slips below $90,000 amid profit-taking, ETF outflows

Bitcoin slips below $90,000 amid profit-taking, ETF outflows

Bitcoin (BTC) slips below $90,000 on Thursday after a failed rejection at a key resistance level earlier this week. Bearish sentiment is strengthening as institutional demand fades, with spot Bitcoin Exchange-Traded Funds (ETFs) recording outflows.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.