Cryptocurrencies Price Prediction: XRP, Bitcoin & Cryptos – American Wrap 06 February
XRP could rally 18% amidst changes at the SEC and bullish on-chain metrics
The Securities & Exchange Commission (SEC) has scaled back its unit of lawyers and staff members dedicated to crypto enforcement action. Ripple’s Chief Technology Officer (CTO) Stuart Alderoty shared his optimism on the resolution of the SEC vs. Ripple lawsuit.
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Bitcoin Price Forecast: BTC recovers above $98,000 as Eric Trump encourages WLFI to add BTC
Bitcoin (BTC) price recovers slightly, trading above $98,000 at the time of writing on Thursday after losing nearly 5% in the last two days. Eric Trump encouraged the addition of BTC to their family-backed crypto platform World Liberty Financial (WLFI) portfolio, which may be supporting Bitcoin’s recovery. Moreover, Santiment’s data shows that Bitcoin whales have been stacking up more BTC during the recent correction while retail traders are getting liquidated, hinting at recovery ahead.
Bitcoin strengthens as crypto falls
The cryptocurrency market is in no hurry to recover. Trading near $3.3 trillion in capitalisation, the crypto market is consolidating at a lower level. Before that, there was consolidation near $3.5 trillion, and a fortnight ago, it was just below $3.8 trillion.
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