Cryptocurrencies Price Prediction: PEPE, Bitcoin & Crypto – European Wrap 12 January
|PEPE selling pressure mounts as whale deposits two trillion PEPE to Binance
PEPE (PEPE), a frog-themed meme coin, registered an increase in its reserves on cryptocurrency exchanges, which reached the highest level in two months. On-chain data signals a likely increase in selling pressure on PEPE, supporting a bearish thesis for the meme coin’s price.
Bitcoin Spot ETF race sees Grayscale capture major share of trades on day 1, BTC price hits two-year peak
Bitcoin (BTC) price falls to around $46,000 during Friday’s Asian session, correcting from the two-year high of $48,900 seen on Thursday. Bitcoin’s rally was likely caused by rising market interest following the US Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETF) that track Bitcoin’s price.
The crypto market fluctuates but does not move
Cryptocurrency market capitalisation is at the same level as the previous day at $1.76 trillion, with the market showing impressive intraday amplitude on Thursday, gaining and then losing around 7% across the major instruments.
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