Cryptocurrencies Price Prediction: CryptoCurrencies, Bitcoin & SEC – European Wrap 27 June

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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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XRP falls toward $1.00 amid muted ETF activity

Ripple (XRP) edges lower toward the short-term $1.05 psychological support level at the time of writing on Wednesday. This marks three consecutive days of losses, undermining investor interest and the broader optimism for a potential deal between the United States (US) and Iran to reopen the Strait of Hormuz.

Swiss-based Taurus gives banks access to Hedera via unified digital asset platform

Taurus, a Switzerland-based digital asset infrastructure provider, announced on Wednesday that it has extended its services, targeting banks and regulated financial institutions on the Hedera (HBAR) network. Meanwhile, HBAR is paring losses, trading above $0.0650 at the time of writing. The token shows signs of stability amid a broader bearish trend.

Crypto markets trade muted, lag risk rally

Whilst hopes for a US-Iran agreement to revive the Strait of Hormuz and renewed AI-trade optimism lifted US equities to all-time highs, major cryptocurrencies remained largely sidelined on Wednesday. Bitcoin and Ether hovered near $64,000 and $1,800, respectively, extending their recent period of consolidation rather than participating in a broader risk rally they would normally follow.

Crypto Today: Bitcoin, Ethereum advance while XRP lags amid US-Iran deal optimism

Bitcoin (BTC) hovers near $64,000 at the time of writing on Wednesday, buoyed by a marginal improvement in crypto sentiment amid growing optimism that the United States (US) and Iran could potentially reach an agreement to open the Strait of Hormuz this week. Ethereum (ETH) mirrors Bitcoin’s neutral-to-bullish outlook, trading toward $1,900.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.