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Cryptocurrencies Price Prediction: Ethereum, Ripple & Bitcoin – American Wrap 11 July

Cryptocurrencies Price Prediction: Ethereum, Ripple & Bitcoin – American Wrap 11 July
FXStreet TeamFXStreet TeamFXStreet

Ethereum primed for positive Q3 following slow inflation and launch of ETH ETF

Ethereum (ETH) is up 0.5% on Thursday following cooling inflation reports in the US. However, mixed on-chain sentiment signals uncertainty among investors despite the potential launch of spot ETH ETFs.
ETH Supply change since The Merge
Ripple (XRP) CEO Brad Garlinghouse spoke at a crypto roundtable event on Wednesday. The Ripple executive slammed Democrats for not taking notice of the Securities and Exchange Commission (SEC) Chair Gary Gensler’s enforcement actions on crypto. 
XRP

Bitcoin dominance climbed above 54% on July 11 as BTC made a comeback above $58,700 on Thursday. The largest asset by market capitalization held steady and sustained recent gains despite the selling pressure from the German government BTC transfers and news of Mt.Gox payback to creditors. BTC noted a consistent volume of large transfers from whales, as seen in July 2024, per Santiment data. Bitcoin, Ethereum are digital commodities, says CFTC Chair.

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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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XRP extends decline as CLARITY Act setback reinforces bearish outlook

XRP extends decline as CLARITY Act setback reinforces bearish outlook

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Crypto Today: Bitcoin, Ethereum, XRP face headwinds as Fed decision looms

Crypto Today: Bitcoin, Ethereum, XRP face headwinds as Fed decision looms

Cryptocurrency prices are broadly retreating on Wednesday, with Bitcoin holding near $75,000. Ethereum holds below the support-turned-resistance at $2,400 while remaining structurally resilient. Meanwhile, Ripple is trading lethargically below $1.30.

Circle launches Arc mainnet with Wall Street validators as CLARITY Act stalls

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Bitcoin weakens as CLARITY Act fails to advance ahead of Fed decision

Bitcoin weakens as CLARITY Act fails to advance ahead of Fed decision

Bitcoin remains under pressure, trading below $76,000 at the time of writing on Wednesday after falling over 3% the previous day and as the CLARITY Act failed to advance in the US Senate. Mixed institutional demand suggests caution amid heightened Middle East tensions.

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.