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Cryptocurrencies Price Prediction: Bitcoin, SEI & Crypto – European Wrap 23 February

FXStreet Team FXStreet

Bitcoin Weekly Forecast: BTC likely to correct to $50,000 soon

Bitcoin (BTC) price action over the past eight days signals a lack of volatility and reduced liquidity. This coiling up could lead to a steep correction in the near future for BTC.

Also read: Bitcoin price eyes $48,000 as European Central Bank tears down at BTC after spot ETF approval.

SEI, Omni Foundation propose standard to unify Ethereum NFTs

Sei Labs and Omni Foundation have proposed a new token standard, xERC-721, to facilitate the movement of NFTs across Ethereum chains. Projects to scale the Ethereum blockchain and lower the transaction cost – like Layer 2 scaling solutions and rollups – have flooded the ecosystem, but this new proposal intends to address the fragmentation of NFTs as these tokens exist only on the chain they are minted.

Crypto market opts for caution

The crypto market lost around 1.2% overnight to $1.95 trillion, according to CoinMarketCap. The Crypto Fear and Greed Index rose to 76 (Extreme Greed). This is a somewhat lagging indicator, reflecting sentiment the day before rather than at the moment. Since Friday morning, crypto has been dominated by selling despite all-time highs in many global equity indices. As a very sensitive indicator, the crypto market may be signalling that investors have become a little more cautious.

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FXStreet

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.

Bitcoin could risk $50,000 amid the US-Iran war, mirroring the Russia-Ukraine war losses

Bitcoin (BTC) remains at downside risk amid escalation in the Middle East war, as Iran retaliates against the US, Israel, and its neighbouring countries. Drawing parallels to the early days of the Russia-Ukraine war, Bitcoin could extend losses below $60,000.

Crypto Today: Bitcoin, Ethereum, XRP pull back as sentiment remains in extreme market fear

The cryptocurrency market is broadly in the red on Tuesday as the Middle East grapples with an escalating war. Bitcoin (BTC) is in a pullback, trading below $67,000 at the time of writing, and most altcoins follow suit.

Bitcoin slips below $67,000 as risk-aversion grows amid escalating US-Iran war

Bitcoin price slides 3% on Tuesday, nearly erasing the previous day's rebound. US-listed spot ETFs recorded an inflow of more than $450 million while Strategy added 3,015 BTC on Monday.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.