Cryptocurrencies Price Prediction: Injective, Bitcoin & Crypto – European Wrap 19 December


Injective price hits new all-time high at $39.97, INJ sustains uptrend despite profit-taking

Injective (INJ), the Artificial Intelligence (AI) finance blockchain, hit a new all-time high on Tuesday, with INJ price hitting $39.97. Injective negatively correlates with the largest asset by market capitalization, while Bitcoin price traded sideways last week, INJ rallied, yielding nearly 64% weekly gains.

INJ price corrected from its $39.97 all time high to $39.44. The asset’s on-chain metrics support further price gains.

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Bitcoin price could climb to $45,000, alongside updates in Spot Bitcoin ETF filing by BlackRock

Bitcoin price rally to $45,000 is likely with the recent updates in Spot Bitcoin ETF applications. The anticipation surrounding Spot Bitcoin ETF has increased as BlackRock amended its application, filing a registration statement ahead of the new product offering.

BTC price is $42,965 on Binance, as Bitcoin recovers from a slump early on Tuesday. 

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Bulls quickly returned to crypto

The second half of Monday proved to be for the bulls in cryptocurrencies, triggering a 3.5% rise in capitalisation over the last 24 hours to $1.61 trillion. Daily updates of all-time highs in US stock indices support the appetite for crypto. The Nasdaq100, which has previously had a pronounced impact on the cryptocurrency market, did so yesterday.


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