Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Cryptos — Asian Wrap 20 June
|Bitcoin price continues to plummet as whale activities deepen
Bitcoin's price fell below $65,000 on Wednesday following Increased whale activities that may be sell orders. Meanwhile, hedge funds have experienced a drag in their Bitcoin exposure, which may be fueled by consistent outflows among Bitcoin ETFs.
Ethereum ETFs may not cause upward surge in ETH price as many expect
Ethereum's (ETH) price increased over 4% in the past 24 hours after the Securities & Exchange Commission (SEC) dropped its Ethereum 2.0 investigations amid expectations of spot ETH ETFs. However, the recent excitement surrounding ETH ETFs may not lead to the expected price increase.
Bitcoin, Ethereum, XRP, Dogecoin, Toncoin and Cardano are undervalued, analysts say, predicting price bounce
Crypto market steadied in the early hours of Wednesday. The market capitalization of all assets climbed 0.6% to $2.49 trillion, per CoinGecko. Analysts at on-chain intelligence tracker Santiment have identified signs of a short-term bounce in the top 10 cryptocurrencies.
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