Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Binance – European Wrap 15 September

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Ethereum celebrates first anniversary of ETH Merge with 99.9% drop in energy usage

The great Ethereum Merge completes its first anniversary on Friday, September 15. The network’s energy usage has dropped drastically over the past year since Ethereum’s transition away from proof-of-work to proof-of-stake.

The blockchain network’s core developers concluded their “all core devs” call early on Friday, with some key changes like the inclusion of a new Ethereum Improvement Proposal, EIP-7514. The Ethereum Merge, the transition from proof-of-work to proof-of-stake, reduced energy usage by 99.9% on the blockchain.

Bitcoin Weekly Forecast: BTC contemplates crash in September

Bitcoin price remains unfazed by the US CPI announcement on September 13 and continues to move in a range. The weekly chart, however, shows a potential short-term recovery rally that could set the stage for a steep correction.

Bitcoin price action holds the potential for history to repeat or at least rhyme. On the daily chart, BTC currently trades at $26,257 and is supported by the Momentum Reversal Indicator’s (MRI) support level depicted in green dots at $25,188.

SEC accuses Binance US of failure to support probe, shifts focus to exchange’s custody arm

The Securities & Exchange Commission (SEC) has accused Binance US of violation of a prior consent order. According to a court filing released Thursday, the US securities regulator argues that the crypto trading platform has failed to cooperate with the ongoing probe over alleged unregistered securities offerings.

Binance’s native token, BNB’s price remained unaffected by the development in the lawsuit. In June, the US securities regulator filed a lawsuit against Binance entities and founder Changpeng Zhao (CZ) with 13 charges. These include operating unregistered exchanges, broker-dealers and clearing agencies, misrepresenting trading controls and oversight on the Binance US platform and the unregistered offer and sale of securities.

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FXStreet Team

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.