TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Bitcoin, Goldman Sachs & Ethereum – European Wrap 14 August

Cryptocurrencies Price Prediction: Bitcoin, Goldman Sachs & Ethereum – European Wrap 14 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price struggles at $60,000 amid dormant wallet activity

Bitcoin's (BTC) price rose slightly during Asian trading hours on Wednesday, approaching the critical resistance zone around $62,000. Coinglass data shows a second consecutive day of slight inflows into US-listed Bitcoin Spot ETFs, but BTC seems unable to overcome a key resistance level and on-chain data indicates increased activity in dormant wallets that suggests a potential bearish shift ahead.

Chart

Goldman Sachs invests $420 million in Bitcoin ETFs, what’s next for Solana, XRP ETF prospects

Goldman Sachs, the seventh largest bank in the US, filed a 13F disclosure with the Securities & Exchange Commission (SEC) on August 13, disclosing nearly $420 million invested in seven Bitcoin Exchange Traded Funds (ETF). At a time when crypto traders are looking for developments in the Solana and XRP ETFs, the news brings confidence in institutional capital inflow to crypto investment products. 

Chart

Ethereum is gently gaining momentum

The cryptocurrency market added 2.2% in the last 24 hours to reach $2.14 trillion, a fresh attempt to climb into the upper half of last month's trading range from where last week's sell-off was intensified. Over the past 24 hours, the macroeconomic background has been favourable for risk appetite thanks to slowing producer prices and New Zealand's key rate cut.

Author

FXStreet Team

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.