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Cryptocurrencies Price Prediction: Ethereum, PEPE & Bitcoin – American Wrap 12 January

Cryptocurrencies Price Prediction: Ethereum, PEPE & Bitcoin – American Wrap 12 January
FXStreet TeamFXStreet TeamFXStreet

Ethereum likely to steal Bitcoin's spotlight after ETFs historic win

Bitcoin ETF approval marks a key milestone in the crypto ecosystem as the largest cryptocurrency by market capitalization gains acceptance. However, instead of catalyzing gains in Bitcoin, the ETF fueled a rally in Ethereum. 
ETH
PEPE (PEPE), a frog-themed meme coin, registered an increase in its reserves on cryptocurrency exchanges, which reached the highest level in two months. On-chain data signals a likely increase in selling pressure on PEPE, supporting a bearish thesis for the meme coin’s price. 
PEPE
Bitcoin (BTC) price falls to around $46,000 during Friday’s Asian session, correcting from the two-year high of $48,900 seen on Thursday. Bitcoin’s rally was likely caused by rising market interest following the US Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETF) that track Bitcoin’s price. 
BTC
 

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