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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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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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Crypto Overview: Bitcoin remains vulnerable – Venice, Sky extend gains

Bitcoin hovers above $64,000 facing persistent headwinds amid hopes of a potential bullish reversal. Crypto market sentiment shows early signs of shifting away from risk-averse conditions, while Venice Token (VVV) and SKY are leading gains over the past 24 hours.

Top 3 Price Prediction: BTC breaks 50-day EMA, ETH near critical resistance, XRP hints mild recovery

Bitcoin shows early signs of recovery, trading around $63,400 after a 2.9% gain and a close above key resistance earlier this week. Ethereum continues to trade sideways, nearing the upper consolidation range near $1,919, where a close above this level suggests a rally ahead.

Ethereum Price Forecast: Investors remain on the sidelines

Ethereum continued its consolidation pattern over the past week with several key on-chain and derivatives metrics indicating traders remain hesitant to return to the market. The holdings across several wallet cohorts remained largely unchanged over the past week. Wallets holding 10K-100K ETH, also classified as whales, saw modest inflows of only 10K ETH.

SEC proposes 'Regulation Crypto Assets' to clarify fundraising rules for crypto firms
The US Securities and Exchange Commission (SEC) on Tuesday proposed "Regulation Crypto Assets," a new regulatory framework for certain crypto asset investment contracts. The proposal outlines exemptions that would allow eligible issuers to raise capital without registering offerings under the Securities Act.
Bitcoin: Hormuz uncertainty clouds BTC outlook
Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.