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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cryptos — Asian Wrap 22 August

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Cryptos — Asian Wrap 22 August
FXStreet TeamFXStreet TeamFXStreet

Ethereum market dominance shrinks amid BlackRock's ETHA milestone

Ethereum (ETH) is up 2% on Wednesday following Glassnode's report showing its market cap dominance loss compared to Bitcoin. Meanwhile, despite negative flows in the broader ETH ETF category, BlackRock's iShares Ethereum Trust (ETHA) crossed the $1 billion net inflow milestone.

Bitcoin and crypto markets rally after FOMC meeting Minutes release

Bitcoin (BTC) and several other cryptocurrencies rallied briefly on Wednesday after the Federal Open Market Committee (FOMC) released minutes from its July meeting.

Uniswap, Arbitrum face potential securities classification after inclusion in Prometheum's custodial platform

Prometheum Capital announced in a press release on Wednesday that it plans to add Uniswap (UNI) and Arbitrum (ARB) tokens as part of its custodial platform that is set to launch in the coming months.

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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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Ripple correction pauses, but recovery prospects remain limited

Ripple correction pauses, but recovery prospects remain limited

XRP hovers above the critical $1.00 support level but faces diminishing recovery potential. Binance XRP futures Open Interest falls to $189 million, the lowest level in three months.

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Crypto Today: Bitcoin, Ethereum and XRP struggle to find footing amid spot ETF outflows

Cryptocurrency prices are broadly consolidating near key lower support levels on Wednesday, led by Bitcoin, hovering around $74,000. Ethereum sits above $2,000 while its upside remains structurally capped. Ripple, meanwhile, holds delicately above $1.00.

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin at risk of sharp moves as leverage builds in derivatives markets

Bitcoin remains in a capped tone, trading around $73,800 on Wednesday after slipping to a low of $72,727 following the previous day’s hot US inflation figures. Institutional demand continues to weaken, with BTC spot ETFs recording a $95 million outflow on Tuesday, marking the fourth straight day of withdrawals.

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink holds at $10 as Moody’s Ratings completes CCIP testnet pilot

Chainlink edges higher on Wednesday, taking a breather after the previous day’s 3% decline. Moody’s Rating completes the testnet pilot on Chainlink’s CCIP to distribute credit assessment data across multiple blockchain networks simultaneously.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.