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

FXStreet Team FXStreet

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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Ripple and Stellar outlook: XRP and XLM tumble as technical outlook deteriorates

Ripple and Stellar extend their declines, trading below $1.06 and $0.165, respectively, as selling pressure intensifies. In addition, weakening technical structures and bearish derivatives metrics suggest the correction for both altcoins could deepen if key support levels fail to hold.

Crypto Market Overview: Pi Network, Uniswap lead gains as Bitcoin steadies at $64,000

Bitcoin trades above $64,000 on Thursday, testing the bullish breakout of its 50-day Exponential Moving Average near $64,660. Mild recovery in BTC lifts altcoins, with Pi Network and Uniswap emerging as top performers over the last 24 hours.

Bitcoin stalls despite strong market activity across traditional assets

Bitcoin remained subdued while stocks edged higher and gold lower, suggesting the market is trapped between weakening institutional demand and growing signs of seller exhaustion, according to a Glassnode report on Wednesday.

Hashdex Bitcoin ETF to shut down following low liquidity

Hashdex Asset Management stated on Wednesday that it will liquidate and close the Hashdex Bitcoin ETF (DEFI), due to low assets under management, limited liquidity and operating costs. The fund managed approximately $14.7 million in assets as of July 30, according to a statement on Wednesday.

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.