Cryptocurrencies Price Prediction: Bitcoin, XRP & Crypto – European Wrap 12 March

FXStreet Team FXStreet

Bitcoin Price Forecast: BTC hovers $82,500 as global de-risking intensifies on recession fears

Bitcoin (BTC) price hovers around $82,500 on Wednesday after recovering 5.52% the previous day. A K33 report highlights heavy sell-offs in equities and crypto markets amid rising concerns over a fragile global economy. Traders should remain cautious as the upcoming US macro data releases could bring more volatility in risky assets like Bitcoin.

Bitcoin, XRP and Solana slump with US stock sell-off, Lummis eyes 1 million BTC purchase

Bitcoin (BTC), XRP and Solana (SOL) prices struggle on Wednesday. The three tokens rank in the top 5 cryptocurrencies by market capitalization, and the risk-off sentiment in the crypto market has ushered in a cooling-off period.

Bitcoin attempted to close above the $100,000 milestone thrice in the first week of February. The largest cryptocurrency by market capitalization opened above that level each day and failed to close, slipping lower.

Crypto market tumbles after stocks

The cryptocurrency market bounced 2% in the last 24 hours to $2.67 trillion. So far, the situation looks like a small rebound after the collapse. We should not talk about the beginning of recovery as long as the market is below its 200-day moving average of $2.83 trillion.

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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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