Cryptocurrencies Price Prediction: Cardano, Bitcoin and ChatGPT – European Wrap 14 February

FXStreet Team FXStreet

Are Cardano whales gearing up for ADA price recovery rally?

Cardano network’s large wallet investors have increased their activity in the altcoin. Whale and shark addresses holding between 10,000 and 10 million ADA scooped up a higher volume of Cardano since the FTX exchange collapse.

Has Ripple price reached fair value with impression inflation will jump?

Ripple (XRP) price sees traders bracing for the US inflation data this evening. Markets are seeing expectations erupting that the inflation number could be an upside surprise. A knee-jerk reaction looks granted, although XRP has already sold off 12%, and a stronger Consumer Price Inflation reading could already be priced in.

Is the ChatGPT effect on crypto AI tokens sustainable?

ChatGPT, Open AI’s chatbot, launched in November 2022 has triggered a massive rally in Artificial Intelligence (AI) crypto tokens, tokens that use AI to develop or run their blockchains and ecosystems.

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Ripple risks extending drop as June lows come into view

Ripple (XRP) ticks down below $1.20 with short-term support at $1.16 intact at the time of writing on Thursday. An early-week rally was rejected at $1.28, weighing on sentiment as traders broadly de-risked.

Crypto Today: Bitcoin, Ethereum and XRP pare losses on increasing bets of Fed tighter monetary policy

Cryptocurrency prices are broadly moderating downwards on Thursday, as market participants assess the impact of the Fed’s hawkish monetary policy stance. Bitcoin edges lower, with support at $64,000 holding.

Bittensor Price Forecast: TAO closes in key support, risking deeper losses

Bittensor price edges below $250 at press time on Thursday, marking its fourth straight day of losses. The AI token is losing retail demand as TAO futures Open Interest dips over 8% in the last 24 hours.

Bitcoin slips below $64,000 as hawkish Fed stance weighs on risk appetite

Bitcoin remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Fed left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.