Cryptocurrencies Price Prediction: Bitcoin, Ripple & Ethereum – Asian Wrap 06 February

FXStreet Team FXStreet

Bitcoin could reach $500,000 says Standard Chartered; key factors that could fuel a potential rally

Bitcoin (BTC) remained below $100,000 on Thursday as the broader crypto market continues to face downside risk from a potential global trade war. However, Geoffrey Kendrick, Standard Chartered's head of digital asset research, predicted that Bitcoin could climb to $500,000 before 2028, toward the end of President Donald Trump's administration.

Meanwhile, BlackRock is preparing to introduce a Bitcoin exchange-traded product (ETP) for its European investors, signaling sustained institutional interest in the top pcry

Ripple's XRP in view: SEC reevaluates crypto securities classification amid enforcement scale-down

XRP is down 3% in the early hours of Thursday as crypto community members anticipate that the Securities and Exchange Commission's (SEC) appeal of the ruling in its case with Ripple will likely not stand following latest developments under the new administration.

Can an altcoin season occur without a rally in Ethereum? Crypto community debates

Ethereum's (ETH) struggles in recent months have raised questions about whether the second-largest cryptocurrency is stifling altcoin gains. ETH has historically been a major driver of altseasons, and crypto community members suggest that its current underperformance could prevent a broader altcoin rally. Ethereum's lagging performance in the current bull cycle could be costing the broader altcoin market as the much-anticipated altseason continues to stall.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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.

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