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

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

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.
ETH/USDT 4-hour chart

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.

Mt.Gox email

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.
BNB/USDT 1-day chart
 

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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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