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Cryptocurrencies Price Prediction: Ethereum, Ripple & Bitcoin – American Wrap 09 July

Cryptocurrencies Price Prediction: Ethereum, Ripple & Bitcoin – American Wrap 09 July
FXStreet TeamFXStreet TeamFXStreet

Could Ethereum ETFs make ETH the outlier among altcoins?

Ethereum (ETH) is up 2% on Tuesday following predictions from K33 Research that investors are underpricing the upcoming ETH ETF launch. Meanwhile, Grayscale is making moves to reduce potential outflows from its Grayscale Ethereum Trust through its Ethereum Mini Trust.
Percentage of circulating ETH supply held in investment vehicles
Ripple (XRP) on-chain activity shows an increase in activity among XRP traders. The number of active traders increased on Tuesday, meaning XRP is gaining relevance among market participants. 
XRP
Bitcoin (BTC) price has encountered resistance near the weekly level of $58,375 over the past three days, currently trading just below at around $57,339, marking a 1.12% increase on Tuesday. On-chain data indicates miners earn less than the historical average, suggesting reduced profitability or decreased selling pressure. Bitcoin spot ETFs saw inflows of $294.8 million on Tuesday, the highest since June 6. Technical analysis shows bullish divergence signals from the Relative Strength Index (RSI) and the Awesome Oscillator (AO) indicators, suggesting potential momentum for an upward rally.
Bitcoin Spot ETF Net Inflow 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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