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Cryptocurrencies Price Prediction: FRNT, Cryptos & Ethereum – American Wrap 19 August

Wyoming launches first state-issued stablecoin FRNT, spurred by GENIUS bill passage

The Wyoming Stable Token Commission announced the mainnet launch of its Frontier Stable Token (FRNT) on Tuesday, marking the first state-issued digital asset in the US.

 

Crypto Today: Bears test the mettle of Bitcoin, Ethereum, XRP

A risk-off sentiment prevails in the cryptocurrency market, as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continue their downward trend. The worsening market mood is supported by the surprise increase in the US Producer Price Index (PPI) last week, which surged by 0.9% in July, exceeding the 0.2% forecast. 

Elliott Wave view: Ethereum (ETH) correcting in double three

Ethereum completed its cycle from the August 2025 low, forming wave 1 through a five-wave impulse structure. Starting from the August 3, 2025 low, wave ((i)) peaked at $3,737.4, followed by a pullback in wave ((ii)) to $3,545.2. The cryptocurrency then surged in wave ((iii)) to $4,332.7, with a subsequent dip in wave ((iv)) concluding at $4,165.5. The final leg, wave ((v)), reached $4,791.5, finalizing wave 1 in a higher degree. This upward movement reflects Ethereum’s strong bullish momentum during this phase.

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