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

FXStreet Team FXStreet

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.

PEPE selling pressure mounts as whale deposits two trillion PEPE to Binance

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.

Bitcoin Spot ETF race sees Grayscale capture major share of trades on day 1, BTC price hits two-year peak

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.

Author

FXStreet Team

FXStreet

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.

Ripple eyes short-term bullish turn as investor demand returns

Ripple exhibits strong recovery prospects, trading above $1.10 on Friday. This rebound aligns with the broader crypto market and can be attributed to easing geopolitical tensions in the Middle East and growing appetite for risk assets.

Crypto Today: Bitcoin, Ethereum, XRP advance amid renewed capital inflows

Bitcoin maintains its upward momentum, holding above the $61,000 mark at the time of writing on Friday. Major altcoins such as Ethereum and Ripple are also posting gains, signaling a modest uptick in market sentiment and renewed risk appetite among investors.

Bitcoin Weekly Forecast: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin recovers to $61,800 on Friday after falling to a 21-month low of $57,800. US-listed spot ETFs recorded outflows of $526.64 million through Thursday, pointing to the eighth consecutive week of withdrawals.

Pi Network posts minor gains amid easing risk-off market sentiment

Pi Network (PI) shows minor recovery on Friday, a slow follow-through of the 2% rebound from the previous day. The recovery in PI aligns with the easing broader market risk-off sentiment, fueling speculative interest in the token.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.