Cryptocurrencies Price Prediction: Bitcoin, XRP & Crypto – European Wrap 11 February

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC risk-on asset rather than a pure store of value

Bitcoin (BTC) extends its recovery, trading above $98,000 at the time of writing on Tuesday after gaining 1% on the previous day. Bifinex report highlights recent trends suggesting that BTC is increasingly being treated as a risk-on asset rather than a pure store of value. The upcoming US Consumer Price Index (CPI) data release for January could bring volatility to Bitcoin, and traders should watch for it.

XRP joins Litecoin, DOGE and Solana in list of possible SEC crypto ETF approvals in 2025

Ripple's XRP saw a 3% gain on Tuesday as Bloomberg analysts Eric Balchunas and James Seyffart released a list of the most likely crypto ETF filings to receive a green light from the Securities & Exchange Commission (SEC). The list includes XRP, Litecoin (LTC), Dogecoin (DOGE) and Solana (SOL).

Crypto market stays near the lower boundary

The total capitalisation of cryptocurrencies increased by 2.5% over the last 24 hours, moving away from the lower boundary of the local range. However, at $3.25 trillion, the market remains nearly unchanged from the previous week. Despite record highs in gold and European stocks, along with strong performance in U.S. securities, cryptocurrencies remain out of favour with buyers.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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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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