Bitcoin Gradually Trails the Past to Recovery. Will XRP Inch Towards ETF Approvals in 2025 with Litecoin, Dogecoin, and Others?

Bitcoin is gradually trailing the past to recovery. The real-time Bitcoin price remains at $96208.75 during publication, down by 1.29% today.

Bitcoin price remained below $97K today, as the world’s largest cryptocurrency continued to slowly recover from the past week’s losses. At the time of writing, BTC was changing hands at $96,208.75, down 1.29% over the past 24 hours. However, despite the slight decline, Bitcoin’s price showed signs of stabilizing.

The broader crypto community and institutional crypto trading agencies have largely been flagging Bitcoin as a ‘risk-on’ asset, rather than a value-delivering one, as was the case during the past bull cycle. Once the CPI data for last month is out, the market trend for crypto should become clearer, and the industry can be sure of their next steps when it comes to Bitcoin.

XRP edges closer to ETF approval in 2025, alongside Litecoin, Dogecoin and others

In other news, Balchunas and Seyffart from Bloomberg filed a list of potential cryptos that could be up for ETF filings for 2025. The headers on the chart to be released by the SEC could be flagging XRP, Litecoin, Dogecoin, and Solana at the top, followed by others.

According to some live Bitcoin analysis today, the stability in the price of this stablecoin could be seen to contribute to the overall cryptocurrency market capitalization, which saw a 2.5% increase over the past day.

However, the market cap was still seen hovering around the $3.25 trillion mark, without any drastic change from last week.

On the other hand, there was positive traction in gold stocks and European stocks, while cryptocurrencies were also seen putting up a good performance among US securities. Despite all that, the buying sentiment among traders left much to be desired.

Trader’s digest

Traders should be keeping an eye on the Bitcoin price prediction daily, as the up-to-date Bitcoin analysis and prediction could help major traders, such as MicroStrategy (now Strategy), decide whether or not to invest further in the token.

Meanwhile, XRP was also seen edging towards a resistance level of $2.58 – $2.63.

The market developments and industry insights showed that XRP was undergoing a short-term bullish period. Whether this streak will continue to hold remains to be seen, but this temporary relief will come as consolation to many loyal XRP holders.

In the meantime, it is worth noting that the broader bearish condition of the crypto market was still an unavoidable reality.