Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Binance – American Wrap 24 June

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Ethereum ETFs influence whales to continue buying despite declining ETH price

Ethereum's price (ETH) is down nearly 6% on Monday after Mt. Gox announced it would begin repaying creditors their Bitcoin and Bitcoin Cash. However, ETH whales have pounced on the price decline as an opportunity to purchase ETH before the arrival of spot Ethereum ETFs.

Mt.Gox to begin Bitcoin and Bitcoin Cash repayments in July 2024, $9 billion in crypto could flood exchanges

Mt.Gox, a defunct cryptocurrency exchange platform, was exploited in 2014. The exchange’s users lost nearly $9 billion in cryptocurrencies.

An email circulating on X is associated with the defunct exchange, the exchange is set to begin returning creditor funds in July 2024, per a Bloomberg report.

BNB Price Forecast: Poised for an 11% crash

Binance Coin (BNB) price broke below the ascending trendline support on Sunday, signaling a bearish move. Currently, BNB finds support around the $560 level, matching the May 15 daily low. This price action suggests that BNB could experience an 11% decline in the coming days.

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XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid ETF inflows, US-Iran persistent strikes

Bitcoin (BTC) trades elevated above $66,000 immediate support on Wednesday, following a minor correction from its weekly high of $66,956. The broader crypto market appears to lag on the backdrop of the macro-driven rally, with Ethereum (ETH) hovering above $1,900 and Ripple (XRP) holding support at $1.13.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.