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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Crypto – European Wrap 18 July
Bitcoin (BTC) faces resistance and stalls at around the $65,000 mark on Thursday, while on-chain data indicate a rise in holdings among short-term investors, coupled with a slight increase in inflows at US spot Bitcoin ETFs.
Crypto Market Cools off After Spurt
The cryptocurrency market has pulled back 0.7% to $2.37 trillion from local extremes in the last 24 hours while remaining around highs. This looks like localised profit-taking after the rally, but not exhaustion.
The number of listed cryptocurrencies on major exchanges has exceeded the total amount in 2023.
CCData, a cryptos market data provider, found that different exchanges have different strategies. Since early 2023, the number of new tokens listed on Bybit has increased by 83% in exchanges with high trading volume. Coinbase, on the other hand, is the most conservative, with an increase of only 8.2% in the number of new tokens listed during the same period.
Cryptocurrencies Price Prediction: Ethereum, Dogecoin & AI Tokens — Asian Wrap 18 July
Ethereum (ETH) is down 1% on Wednesday as issuers began filing their final spot ETH ETF S-1 drafts with the Securities & Exchange Commission (SEC) in anticipation of a launch on July 23.
AI Tokens Rally Following Grayscale's Decentralized AI Fund Launch
Grayscale launched its Decentralized AI Fund on Wednesday, allowing investors to gain exposure to the price of AI-focused cryptocurrencies. Following the announcement, the general market cap of AI tokens rose by nearly 4%.
Ethereum ETF Issuers File Final Drafts in Anticipation of Potential Tuesday Launch
Ethereum (ETH) is down 1% on Wednesday as issuers began filing their final spot ETH ETF S-1 drafts with the Securities & Exchange Commission (SEC) in anticipation of a launch on July 23. Meanwhile, SEC commissioner Hester Peirce also said the regulator may reconsider its position on ETH staking within the ETFs.