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Cryptocurrencies Price Prediction: Ripple, Bitcoin & Germany – American Wrap 24 February

Vugar Usi Zade, Bitget COO: Ongoing Ripple lawsuit, SEC's stance may delay approval for altcoin ETFs in US

Vugar Usi Zade is the Chief Operating Officer (COO) at Bitget exchange, a cryptocurrency trading platform and web3 company. FXStreet interviewed Zade and gathered his insights on Solana, the meme coin ecosystem, Bitget’s campaign for bankrupt FTX exchange’s creditors, the wallet products’  recent integration with the Monad testnet and comments on Bitcoin and Ethereum’s price expectations for the first half of 2025. 

 

Bitcoin and altcoins are hit by biggest crypto hack in history

Bitcoin (BTC) trades at $95,563 at the time of writing on Monday as crypto traders digest the largest crypto exchange hack in history. Earlier in the day, Ben Zhou, co-founder and CEO of Bybit exchange, confirmed that the gap created by stolen funds has been filled with full asset backing and assured users of a full refund if they were affected. 

BTC/USDT

Germany's Centre right alliance secures most seats in EU nations election

Germany's Centre Right Alliance (CDU/CSU) managed to secure the most seats in the country's parliamentary election on Sunday, suggesting a more innovation-friendly environment awaits.

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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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Ripple slips below $1.30 as sellers tighten grip

Ripple (XRP) hovers below $1.30 on Tuesday, held down by a weakening technical structure. The broader crypto market remains bearish ahead of the Federal Reserve’s (Fed) October 28 monetary decision.

Crypto Today: Bitcoin, Ethereum, XRP tick lower amid mixed ETF flows

Bitcoin is trading above $81,000 on Tuesday, aligning with a lethargic tone in the broader cryptocurrency market. Altcoins, including Ethereum and Ripple, reflect Bitcoin’s lock-step price action, trading below $2,400 and $1.30, respectively.

Pi Network extends losses as social interest declines

Pi Network (PI) is down nearly 2% on Tuesday, extending the previous day’s losses and risking an extended decline toward its record low of $0.0704. PI token’s social dominance score is down to a six-month low, suggesting reduced social interest.

NEAR Protocol Price Forecast: Mild correction persists despite resilient ETF inflows

NEAR Protocol (NEAR) price is down nearly 2% on Tuesday, mirroring its 2% decline from the previous day. Institutional demand remains firm, with Bitwise’s NEAR-focused Exchange Traded Fund (ETF) recording over $5 million in inflows on Monday.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.