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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & more – American Wrap 20 June

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & more – American Wrap 20 June
FXStreet TeamFXStreet TeamFXStreet

Bitcoin may have bottomed, but Ethereum price suggests otherwise for these reasons

Ethereum price is in the middle of two complex scenarios which will yield a level of unpredictability for the future smart contract's token. Institutional players have been scalping Ethereum with multi-million dollar positions. Venture capitalist firm Three Arrows Capital swung a 33 million dollar Ethereum position during the 3rd weekend of June. The firm was able to capitalize on an arbitrage imbalance as the market value between Ethereum fell below the staked Ethereum on the Curve DAO's Liquidity pool. 

Three volatile cryptos to keep on your watchlist

A brief technical and on-chain analysis on a few cryptos. Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

These technical indicators suggest Bitcoin price is close to a market bottom

A brief technical and on-chain analysis on Bitcoin price. Here, FXStreet's analysts evaluate where BTC could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

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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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Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

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Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.