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Cryptocurrencies Price Prediction: Ethereum, Cryptos & Bitcoin – American Wrap 25 September

Cryptocurrencies Price Prediction: Ethereum, Cryptos & Bitcoin – American Wrap 25 September
FXStreet TeamFXStreet TeamFXStreet

Crypto Today: Bitcoin, Ethereum and XRP take slight downturn as potential “Uptober” move faces uncertainty

Bitcoin took a slight downturn on Wednesday, falling 0.3%, as it continues consolidating inside the $62,000 to $64,700 range. Despite the weak move in prices, US spot Bitcoin ETFs recorded a net inflow of $136 million, spearheaded by inflows from BlackRock's IBIT, Fidelity's GBTC and Bitwise's BITB, per Farside Investors data.

SEI/USDT daily chart
Bitcoin (BTC) trades slightly down around $63,800 at the time of writing on Wednesday, consolidating within the $62,000 and $64,700 key levels for the sixth day in a row. There are signs of indecision among traders as dormant wallets begin to move, some whales accumulated, and the US Spot Exchange Traded Fund (ETF) recorded more than $136 million inflow on Tuesday.
Bitcoin Spot ETF Net Inflow chart
Bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. are doing their bit to boost supply scarcity in the crypto market.
Chart
 

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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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Cryptocurrencies Price Prediction: Ethereum, Cryptos & Bitcoin – American Wrap 25 September