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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FXStreet Team

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.