Cryptocurrencies Price Prediction: Bitcoin, XRP & Cryptos – American Wrap 03 March

FXStreet Team FXStreet

Bitcoin drops under $90,000, are institutions truly long BTC?

Bitcoin (BTC) climbed to a high of $94,416 early on Monday before erasing newfound gains and dropping under $90,000 support. Market movers and recent bullish developments, such as the United States (US) strategic reserve announcement, the upcoming crypto summit at the White House and BlackRock’s announcement regarding portfolio allocations, failed to catalyze a sustainable rally in Bitcoin.

2.9 Million XRP coins deposited on Binance as Charles Hoskinson responds to Peter Schiff’s attack on Ripple

Ripple (XRP) price retraced 9% to $2.7 on Monday after United States (US) President Donald Trump’s crypto strategic reserve announcement triggered a 40% upswing over the weekend. On-chain transaction flows and intense community debates around Ripple’s inclusion signal the potential for more volatility in the coming sessions.

Bitcoin Price Forecast: BTC corrects after sharp recovery during the weekend

Bitcoin (BTC) price corrects and trades slightly down near $92,000 at the time of writing on Monday after rallying nearly 10% the previous day. Despite the recovery during the weekend, investor sentiment remains weak as US spot Exchange Traded Funds (ETFs) recorded a $2.39 net outflow last week, signaling institutional demand weakness. QCP Capital’s report on Monday highlights that despite the encouraging recovery in risk assets on Sunday, BTC is not quite in the game yet.

Total Bitcoin spot ETF net inflow chart. Source: Coinglass

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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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