Bitcoin (BTC) $97,963.4 Its price rose to $98,865 after the latest inflation data. Although the data coming in line with expectations encourages investors, the expected mobility in cryptocurrencies has not yet fully started. So what is the latest situation in the ETF channel? What do the current market predictions indicate for DOGE XRP and ADA Coin?
Bitcoin (BTC) and Dogecoin (DOGE)
Yesterday spot Bitcoin ETFThere was a net inflow of 438.5 million dollars. BlackRockWhile there was an inflow of 295.6 million dollars in ‘s ETF, Fidelity remained at 210.5 million dollars. BTC price stalling above $97,500 and ongoing demand suggest that conditions are right for further upside.
Moreover, Microstrategy has been making billion-dollar purchases for weeks in a row. We may soon see more Bitcoin (BTC) buying with the company being added to the Nasdaq index. Since the Nasdaq listing will enable the company to sell more shares, it will have more cash to buy BTC.
Daann Crypto Trades recently cryptocurrencies Dogecoin, which sounds like $0.398987He drew attention to and wrote the following;
“DOGE is currently stuck between two major weekly price levels since the 2021 rally.
This range is key to watch between $0.35-$0.45. It finds support above $0.38 in this high-volume node, which is a good thing. “I think the next test of $0.45 should take this break higher.”
XRP and ADA Coin Review
SEC After President Gensler announced that he would leave the institution on January 20 without prolonging the process XRP Coin price It increased as expected. Although the price, which is based on the $ 3 limit, cannot test the ATH level of years ago, it still remains above $ 2.3. Rather than the price chart, major events such as the confirmation of the new SEC Chairman, Trump taking over again, the new SEC Chairman announcing that he will end non-fraud crypto cases could push the price closer to $4.
XRP Coin It is possible that investors may see short-term volatility depending on the outcome of the vote on SEC Commissioner Crenshaw’s reappointment.
ADA CoinMoving on to , the price returned to $1.07 with a 7 percent increase on the daily. With $0.914 maintained as support, bulls who bounce back to $1 will attempt to reclaim $1.15. If this level can be earned as support, the breakout zones of $1.24 and $1.32 can be targeted again.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.