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Cryptocurrencies Price Prediction: Bitcoin, Uniswap and Dogecoin – European Wrap 16 February

Cryptocurrencies Price Prediction: Bitcoin, Uniswap and Dogecoin – European Wrap 16 February
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price rally fails to turn derivatives traders bullish, here’s what to expect

Bitcoin’s positive correlation with tech-heavy Nasdaq has broken down: despite a decline in US stocks, BTC has rebounded, wiping out its losses from the past week. Investor sentiment in the derivatives market has yet to improve, however, and is out of sync with the rally. 
BTC/USD price chart

Uniswap price provides a buying opportunity for UNI bulls before exponential break out towards $10

Uniswap (UNI) price has witnessed a staggering move to the upside after Tuesday's US Consumer Price Index (CPI) numbers. With a further decline in inflation, markets are focusing on a full recovery story as other countries are also reporting lower inflation numbers. Although inflation remains elevated globally, the consecutive decline points to hopes that market conditions will soon return to normal.

UNI/USD daily chart

Dogecoin and Shiba Inu lead the wave of meme coin price rallies, here’s what to expect

Shiba-Inu-themed meme coins are leading a recovery rally in crypto. The two largest meme coins Dogecoin and Shiba Inu recovered from their recent price drops. This is not the first time Musk’s comments have triggered price rallies in meme coins. 

FLOKI price chart

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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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XRP holds bearish bias despite spot ETF inflows

XRP holds bearish bias despite spot ETF inflows

Ripple (XRP) retains a bearish near-term tone on Friday, falling toward the psychological support at $1.00. This follows renewed inflation concerns in the United States (US) after the Federal Reserve (Fed) left interest rates unchanged, as two members of the committee dissented in favor of a 25 basis point hike.
Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP edge lower despite renewed ETF inflows

The cryptocurrency market broadly corrects on Friday, as investors assess macro uncertainty and geopolitical tensions, which continue to escalate in the Middle East. Bitcoin (BTC) is trading below $64,000, down from the weekly high of $65,745. Altcoins such as Ethereum (ETH) and Ripple (XRP) are trading under increasing selling pressure below $1,900 and $1.10, respectively.
US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

US sanctions Iran-linked Bitcoin insurance scheme for Strait of Hormuz ships

The U.S. Treasury has sanctioned two Iranian firms behind a maritime insurance operation that accepted Bitcoin, saying the scheme forced commercial vessels to buy coverage to pass through the Strait of Hormuz and funnelled the proceeds to the Islamic Revolutionary Guard Corps.
Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin Weekly Forecast: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.
Bitcoin: Bulls hold the line

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.