Cryptocurrencies Price Prediction: Bitcoin, LIBRA & Crypto – European Wrap 13 March

Bitcoin Price Forecast: BTC stabilizes around $83,000 ahead of US PPI data and weekly jobless claims

Bitcoin (BTC) hovers around $83,100 on Thursday after recovering nearly 3% this week as February’s US Consumer Price Index (CPI) data came in softer-than-expected on Wednesday. Market participants await US Producer Price Index (PPI) data for February and initial weekly jobless claims for further economic cues on Thursday. Moreover, a CryptoQuant weekly report highlights how Bitcoin could be at the start of a bear market.

Why LIBRA meme coin promoted by Argentina President Milei is crashing?

LIBRA meme coin promoted by Argentina’s President Javier Milei is making headlines again, crashing nearly 15% on the day. A local Argentine media outlet, Perfil, reported that lawyer Gregorio Dalbón had requested Interpol for a red notice to be issued for Hayden Davis. 

Crypto: Just a bumpy downtrend

The crypto market declined during the week to a total capitalisation of $2.5 trillion, a third lower than the peaks in December last year. However, towards the end of the week, we could see attempts to stabilise the market, with a rebound of $2.67 trillion.