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Cryptocurrencies Price Prediction: Bitcoin, XRP & Crypto – European Wrap 15 January

Cryptocurrencies Price Prediction: Bitcoin, XRP & Crypto – European Wrap 15 January
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Price Forecast: BTC recovers ahead of US CPI data release

Bitcoin (BTC) continues its recovery, trading above $97,000 on Wednesday after retesting its key psychological level at $90,000 earlier this week. The upcoming US Consumer Price Index (CPI) data release could bring volatility to Bitcoin, and traders should watch for it. 

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Confident XRP fuels crypto optimism

The cryptocurrency market has gained 3% in the last 24 hours to reach the $3.40 trillion level, which has been the centre of the range for the last four weeks. This was a key resistance level at the end of December. Further market movement will be an important sentiment indicator, but we will have to wait until the US inflation data is released.

Trump plans pro-crypto executive order on day one

President-elect Donald Trump is reportedly preparing to sign an executive order supporting cryptocurrency regulations on his first day in office, according to the Washington Post. Sources involved in the discussions reveal that Trump's team, led by incoming crypto advisor David Sacks, has been working closely with cryptocurrency industry leaders to develop policies aimed at ending unfair banking practices and overregulation.

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