Cryptocurrencies Price Prediction: Bitcoin, Crypto & Ethereum – European Wrap 21 February

FXStreet Team FXStreet

Bitcoin Weekly Forecast: BTC demand and liquidity conditions remain weak

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors. Moreover, a CryptoQuant’s report suggests that if demand growth and liquidity conditions do not improve, the price of Bitcoin could decline to $86,000.

Elon Musk’s post sparks Dogefather crypto surge, tokens skyrocket

Elon Musk’s latest post on X triggered a surge in Dogefather-themed tokens, causing prices to spike as investors reacted to his influence in the crypto market.

Elon Musk’s latest post on X has ignited a massive surge in Dogefather-themed tokens, with some experiencing rapid price spikes. Known for his influence in the crypto world, Musk’s social media activity often causes waves, and this time was no different.

Bitcoin and Ethereum face uncertainty as $2B options expire, volatility looms

Bitcoin and Ethereum face a critical test as $2B in options expire, raising concerns over volatility and key support levels in the crypto market.

A major event is unfolding in the crypto market as $2.04 billion worth of Bitcoin and Ethereum options expire, raising concerns about increased volatility. Bitcoin faces key resistance levels, while Ethereum struggles to maintain its footing, leaving traders uncertain about the short-term direction.

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Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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