Cryptocurrencies Price Prediction: CryptoCurrencies, Bitcoin & SEC – European Wrap 27 June
|Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC flatlines while altcoin bulls rethink their strategy
Bitcoin (BTC) price continues to resist falling under bears control as it hovers around the $30,000 psychological level. While the initial run-up in BTC benefitted altcoins like Ethereum (ETH) and Ripple (XRP), the current state of struggle for BTC has caused many altcoins to remain flat. Some altcoins even look primed for a correction as many sell signals erupt on the four-hour and daily time frames.
Bitcoin unlikely to end correction
The crypto market cap is down 0.75% over the last 24 hours to $1.178 trillion in what looks like cautious profit-taking after rallying from mid-month under pressure from stock index movements.
US SEC likely to approve spot Bitcoin ETFs, catalyzing marketwide recovery in crypto
The US Securities and Exchange Commission (SEC) is more likely to approve a spot Bitcoin Exchange Traded fund (ETF) because the financial regulator’s concerns about it have largely been addressed, Jeremy Allaire, CEO at global fintech firm Circle, said Tuesday in a Bloomberg interview.
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