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

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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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XRP extends decline as muted on-chain activity, bearish technicals weigh

Ripple (XRP) continues to trade under heavy selling, trading below $1.10 at the time of writing on Wednesday. The remittance token marks four consecutive days of declines, weighed down by geopolitical tensions and significantly low risk appetite.

Crypto Today: Bitcoin, Ethereum, XRP extend technical weakness amid escalating tensions in the Middle East

Cryptocurrencies are broadly extending declines on Wednesday, after last week’s recovery. The sell-off has seen Bitcoin (BTC) slide below $62,000, increasing downside risks toward the next key support at $60,000.

Solana nears key support zone as bears aim for a 20% downside

Solana price is down 3% on Wednesday, extending a bearish reversal after an overhead trendline capped the previous week’s recovery. Institutional inflows eased to $1.67 million on Tuesday, while declining Open Interest and fluctuating funding rates indicate mixed retail demand.

Hyperliquid extends losses as retail demand fades

Hyperliquid (HYPE) slips below $70 on Wednesday, extending a steady decline so far this week. A broader market risk-off sentiment weighs down on the retail support for HYPE despite steady institutional demand, with $4.32 million in inflows on Tuesday.

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.