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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Ripple — Asian Wrap 12 August

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Ripple — Asian Wrap 12 August
FXStreet TeamFXStreet TeamFXStreet

$560 million Ethereum options expire amid weakening bearish momentum

Ethereum (ETH) is up 0.4% on Friday as ETH ETFs record another day of mild inflows. The recent market crash could also alter earlier predictions of the ETFs, boosting ETH to a new all-time around $5,000.

Key Bitcoin metrics to watch out for ahead of next week following market sell-off

Bitcoin could be set for an interesting week ahead as it struggles to recover from its largest drawdown in the current cycle. This drawdown was sparked by a series of events, including fears of recession, geopolitical tension in the Middle East, and the Japanese yen carry trade.

Ripple set to begin testing stablecoin launch after ending case with SEC

Ripple revealed on Friday that it has begun beta testing for its RLUSD stablecoin, pending regulatory approval for its usage. Meanwhile, XRP has declined over 6% in the past 24 hours but could see a rally after the announcement.

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