XRP News Today: Could SEC’s ETF NOD SIGNAL RIPPLE CASE APPEAL ADDROVER? BTC for $ 96k

Click here to find out why analysts think XRP could skyrocket – or go down – based on SEC’s decision.

BTC-SPOT ETF market outflows weighing on Bitcoin

In addition to speculation about SEC vs. The Ripple case affected the US BTC spot ETF market stream Bitcoin (BTC) demand. According to Fatheride Investors included flow data for February 13:

• Fidelity Wise Origin Bitcoin Fund (FBTC) reported net outflow of $ 94.5 million.
• ARK 21Shares Bitcoin ETF (ARKB) had net outflow of $ 52.7 million.

Excluded Ishares Bitcoin Trust had the US BTC spot ETF market $ 183 million of the total net outflow. It is significant that the Spot ETF market is facing a four-day outflow that holds the BTC under the threshold of $ 100,000.

Fading bets on an H1 2025 fat speed cut weighed on BTC mood. According to the CME Fedwatch tool, the likelihood of a 25th June-Basis point that was fed a rate cut, dropped from 45.7% on February 6 to 36.3% on February 13 after the recent US inflation data .

Nevertheless, hope for an American strategic Bitcoin Reserve (SBR) has polished BTC’s disadvantage. Several US states are progressing legislation to recognize BTC as a strategic reserve asset, which potentially strengthens the case of a national SBR.

Bitcoin Act: A game election?

The balance for supply as needed can tilt to BTC’s advantage if the congress approves the Bitcoin Act. Senator Cynthia Lummis introduced the Bitcoin Act and suggested that the US government buy a million BTC over five years with a mandatory possession period of 20 years.

Bitcoin Price Outlook

On Thursday, February 13, 1.24%, partly inverted Wednesday’s 2.17% gain to close at $ 96,664.

In addition to progress towards an American SBR, dealers should monitor:

• US customs policies and merchant tensions.
• Upcoming US retail data.
• US BTC spot ETF market current trends.

Possible scenarios:

• Bearish: Rising US Customs Rates, Optimistic American Retail Sales and A Hawk Fed could pull BTC against $ 90,000.
• Bullish: To lighten customs, weaker retail sales and renewed efforts on an H1 2025-fed rate cut could run BTC towards its highest height of $ 109,312.