Cryptocurrencies price prediction: XRP, Bitcoin & Cryptos – American Wrap 20 July

FXStreet Team FXStreet

XRP holds below resistance as futures interest, ETF inflows slowly rebuild

Ripple (XRP) faces sustained selling pressure as bears maintain control on Monday. The remittance token has struggled to break above the $1.10 resistance since last Thursday, as risk sentiment weighs.

Three things to watch for BTC this week

The world's largest cryptocurrency is hovering around $64.7k at the time of writing, up 0.5% over the past 24 hours and 3.2% over the past week. Bitcoin has gained around 10% so far in July after declining over the previous two months.

Cryptocurrencies steady as focus remains on Middle East and Oil

“Bitcoin, ether and their like were calm compared to the burst of volatility we saw across equities and oil last week. Both bitcoin and ether managed to hold their ground and actually push higher while fears about AI and chip stocks dragged the high performers in the US and Asia lower. Sentiment continues to remain weak around cryptocurrencies, and having already endured so much this year it seems like much of the selling has exhausted itself for now.”

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FXStreet Team

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Crypto Market Overview: Bitcoin reclaims $65,000 – VIRTUAL, UNI hold gains

Bitcoin edges above $65,000 on Tuesday, following the breakout of the 50-day EMA at $65,051 the previous day. Easing crypto market risk-off sentiment provides tailwinds for altcoins, supporting an extended recovery. Virtuals Protocol and Uniswap have emerged as top performers over the last 24 hours.

Grayscale eyes Worldcoin ETF launch following S-1 filing

Grayscale filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) on Monday to launch a Grayscale Worldcoin (WLD) ETF. The proposed fund, which would trade on Nasdaq under the ticker GWLD, is designed to give investors exposure to Worldcoin through a traditional brokerage account, eliminating the need to buy the token directly.

Robinhood gets higher price target from Bernstein

Bernstein analysts have raised their price target for Robinhood (HOOD), citing potential growth in the company's prediction market revenue, as well as new revenue streams from perpetual futures and its recently launched Ethereum (ETH) Layer 2, Robinhood Chain.

Bitcoin climbs above $65K as ETF flows recover despite rising macro risks

Bitcoin (BTC) has climbed above $65,000 on Monday as improving onchain activity, recovering US spot Bitcoin exchange-traded fund (ETF) flows, and stabilizing derivatives point to a more balanced market, according to Glassnode.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.