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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Crypto – European Wrap 18 July

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Crypto – European Wrap 18 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price struggles around $65,000 despite positive on-chain data

Bitcoin (BTC) faces resistance and stalls at around the $65,000 mark on Thursday, while on-chain data indicate a rise in holdings among short-term investors, coupled with a slight increase in inflows at US spot Bitcoin ETFs. Additionally, billionaire investor Mark Cuban highlighted Silicon Valley's increasing backing of former President Trump as a strategic move tied to Bitcoin, discussed on Twitter.

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SEC green flags Grayscale and ProShares Spot Ethereum ETF, what’s next for Ethereum ecosystem tokens

Crypto traders are awaiting a key catalyst, the Spot Ethereum Exchange Traded Fund (ETF) approval by the Securities & Exchange Commission (SEC). The regulator approved two applicants for Spot Ethereum ETF products, as Grayscale Ethereum Mini Trust and ProShares Ethereum ETF received SEC nod through a Form 19b-4 filing. 

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Crypto market cools off after spurt

The cryptocurrency market has pulled back 0.7% to $2.37 trillion from local extremes in the last 24 hours while remaining around highs. This looks like localised profit-taking after the rally, but not exhaustion.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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