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Cryptocurrencies Price Prediction: Ethereum, XRP & Bitcoin – European Wrap 8 February

Cryptocurrencies Price Prediction: Ethereum, XRP & Bitcoin – European Wrap 8 February
FXStreet TeamFXStreet TeamFXStreet

Ethereum price tops $2,400 as 25% of ETH supply is staked and ETF applicants amend filings

Ethereum price rallied on Thursday as two major events catalyzed ETH gains. Ethereum’s Exchange Traded Fund (ETF) applicants, Ark and 21Shares amended their Spot ETH filings, sparking anticipation of an approval. 

ETH price climbed to $2,444 on Thursday, as ETH continues to form higher highs and higher lows.

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XRP Price faces threat of fall below $0.50 as XRPLedger AMM amendment is uncertain

XRP price is $0.5133, yielding nearly 2% weekly gains for holders. The native token of the XRPLedger is holding steady despite the status of the Automated Market Maker (AMM) amendment proposal. 

Validators are critical of the amendment and some notable ones have pulled support citing concerns regarding a significant bug. 

Bitcoin completes consolidation and rushes to the high

The crypto market made an impressive move higher, rising 3.4% in 24 hours to $1.71 trillion. The rise to its highest level since 12 January came as the S&P 500 and Nasdaq-100 indices hit all-time highs.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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